PRESQUE ISLE, ME -- 08/08/08 -- Maine & Maritimes Corporation (AMEX: MAM) today reported a net loss for the 2008 second quarter of $68,000, and net income year to date of $1.9 million compared with prior year's net loss for the second quarter of $377,000 and net income for prior year to date of $974,000. This represents a 95% increase in net income year to date over last year. Last year's net income for the second quarter reflected losses from discontinued operations of $563,000 for the quarter and $772,000 year to date. Losses from discontinued operations were not a significant factor in the current year results, which highlight the Company's success in divesting unprofitable segments. Company officials reiterated it is normal for MAM to experience losses in the second and third quarters due to seasonality of earnings at the...
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