Mission West Reports Drop in Net for Year
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Citing a drop of condominium sales, Mission West Properties reported that net income fell 82% to $293,978 and revenues fell 66% to $2 million for the year ended Nov. 30. Mission West reported that net income rose 15% and revenues rose 4% to $940,676 for the fourth quarter.
Mission West’s revenue and income figures dropped because the company sold a higher number of condominiums during 1984, according to President G. Joseph LaBreche.
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