Capital Properties reports drop in profit, flat revenue in 3Q

CAPITAL PROPERTIES said Tuesday that revenue was basically flat at $2.134 million in the quarter that ended Sept. 30, compared with revenue of $2.132 million in the same year-ago quarter.  / PILLSBURY ASSOCIATES AERIAL PHOTOGRAPHY/DON PILLSBURY
CAPITAL PROPERTIES said Tuesday that revenue was basically flat at $2.134 million in the quarter that ended Sept. 30, compared with revenue of $2.132 million in the same year-ago quarter. / PILLSBURY ASSOCIATES AERIAL PHOTOGRAPHY/DON PILLSBURY
EAST PROVIDENCE – Net income fell 8.2 percent to $529,000, or 8 cents per share, in the third quarter for Capital Properties Inc. Capital Properties said Tuesday that revenue was basically flat at $2.134 million in the three months that ended Sept. 30, compared with revenue of $2.132 million in the same year-ago quarter. Leasing…

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