LITTLE ROCK — Deltic’s 4th-quarter profit is $1.3 million
El Dorado-based Deltic Timber reported a profit of $1.3 million, or 10 cents a share, in the fourth quarter, down from $3.7 million, or 30 cents a share, a year earlier. The 2009 fourth-quarter profit - primarily due to sale of an 18-acre commercial site - was the same as that year’s annual profit.
For all of 2010, Deltic reported a profit of $12.4 million, or 99 cents a share.
Net sales increased for both the fourth quarter and the year. Deltic had net sales of $33.7 million in the quarter, up 8.5 percent from $31 million a year earlier. The company’s sales for the year were $141.6 million, up 26 percent.
The company’s woodlands segment reported a bigger harvest and an increase in operating income, with $7.9 million in the 2010 fourth quarter, up from $6.7 million.
The mill segment reported an operating loss of $1.1 million for the fourth quarter, compared with a $400,000 loss a year earlier.
Deltic’s stock closed at $59.50 on the New York Stock Exchange on Wednesday, down 2.86 percent.
LR’s 2009 GDP gain in top tier nationally
Little Rock was among the top metropolitan areas in the country in its gross domestic product growth in 2009, the federal Bureau of Economic Analysis said Wednesday.
Little Rock’s GDP grew 3.9 percent to $32.9 billion in 2009, the most recent information available. That compared with $31.6 billion in 2008. It ranked 65th out of 366 metro areas in the country.
Other Arkansas metro areas and their changes were:
Northwest Arkansas, an increase of 0.7 percent to $17.6 billion; Texarkana, an increase of 0.8 percent to $4.3 billion; Jonesboro a 1.1 percent decline to $3.9 billion; Fort Smith, a 3.8 percent decline to $9.6 billion;
Hot Springs, unchanged at $2.6 billion; Pine Bluff, a 1 percent decline to $3.1 billion.
Arkansas was one of only 10 states to report an increase in gross domestic product in 2009, with a 0.6 percent rise.
13 stocks fall, give Arkansas Index trim
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 2.42 to 210.48 Wednesday.
“U.S. stocks continued their retreat on Wednesday as the unrest in Libya sent oil prices to two-year highs, weighing on the markets,” said John Blackwell, senior vice president and managing director of equity trading at Stephens Inc. in Little Rock. “The Arkansas Index moved lower, as 13 stocks declined and three advanced.”
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business, Pages 27 on 02/24/2011