Kingstone Reports Third Quarter Results
Kingstone Companies, Inc. (NASDAQ: KINS) today released its results for the three and nine months periods ended September 30, 2010.
| Item | Three Months EndedSeptember 30, 2010 | Three Months EndedSeptember 30, 2009 | Percentage Change | |||||||
| Gross Revenues | $ 5,750,121 | $ 4,115,448 | +39.7 | % | ||||||
| Operating Income | 344,192 | 424,450 | -18.9 | % | ||||||
| Comprehensive Income | 577,783 | 401,223* | +44.0 | % | ||||||
| Earnings per Share (diluted) | .06 | .05* | +20.0 | % | ||||||
*-Excluding the one time gain on acquisition of Kingstone Insurance Company of $5,401,860 and per share gain on July 1, 2009. Actual comprehensive income and earnings per share (diluted) for the three months ended September 30, 2009 were $5,803,083 and $1.54, respectively.
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