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November 10, 1993


By CBR Staff Writer

Bloc Development Corp has reported third quarter net profits of $838,682 after $150,000 credit from discontinued operations, a $688,682 credit from continued operations which included a $277,000 gain from the sale of a division this time, against a loss of $954,261 last time which included a gain of $444,094 from discontinued operations and a loss from continued operations of $1.4m, on turnover up 29% at $19.2m; net profit for the nine months was $1.8m after a gain of $350,000 from discontinued operations and gain of $1.4m from continuing operations which includes a $992,000 gain related to the settlement of insurance claims, against losses of $10.7m last time which included losses from dicontinued operations of $3.6m on turnover that rose 21.7% to $52m. Net earnings per share were $0.04 in the quarter, $0.09 in the nine months.

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