Amadeusz Juskowiak

Firstcorp fcr sees gain on condemnation

Firstcorp Inc said it weill report an aftertax gain of 1827000 dlrs or 56 cts per share primary and 42 cts fully diluted from the proposed condemnation and acquisition of a parking deck it operates by Wake County

The company said if it reinvested proceeds in a similar property within 24 months the gain on the sale would be deferred for tax purposes

Reuter