Sitestar Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
November 09, 2017 at 04:01 pm EST
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Sitestar Corporation reported earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported comprehensive income attributable to the stockholders of $817,224. Book value per share was 5.4 cents
For the nine months period, the company reported comprehensive income attributable to the stockholders of $1,386,777.
Enterprise Diversified, Inc. is focused primarily on financial products and services. The Company operates through four segments: Asset Management Operations, Real Estate Operations, Internet Operations and Other Operations. Asset Management Operations segment includes activities from various joint ventures, service offerings and initiatives undertaken in the asset management industry. Real Estate Operations segment includes activities related to the management of legacy properties held for investment and held for resale through EDI Real Estate located in Roanoke, Virginia, and its equity in Mt Melrose, LLC, which managed properties held for investment and held for resale located in Lexington, Kentucky. Internet Operations segment activities related to its sale of Internet access, hosting, storage and other ancillary services. Other Operations segment include corporate operations and nonrecurring or one-time strategic funding or similar other activity.