04:10 PM EST, 11/08/2024 (MT Newswires) -- Clarke Inc ( CLKFF ) Friday said its swing to a third-quarter profit rose on higher investment income.

The real-estate and investment holding company posted net income of $12.2 million, or $0.87 per share, in the period, compared with a loss of $1.9 million, or $0.13, in the year-prior quarter. The result included investment income of $8.6 million from a year-prior investment loss of $4.8 million.

Revenue edged up to $20 million from $19.6 million.

The company's book value per common share at the end of the quarter was $18.32 while their common share price was $23.96.

The company's shares closed up $0.10 to $23.80 on the Toronto Stock Exchange.