Capital Properties profit sags 20.7% to $1.3M

EAST PROVIDENCE – For the year ended Dec. 31, Capital Properties Inc.’s profit declined 20.7 percent to $1.319 million, according to the company’s report late yesterday. Its net income fell 20 percent to 40 cents per common share. Total income fell 10.4 percent to $5.789 million from the year-ago $6.463 million. But excluding a one-time…

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