Forestar profit up for fiscal ‘11
February 22nd, 2012
Forestar Group Inc. reported $22.9 million profit loss on $54 million revenue during the fourth quarter, down from $2.4 million profit on $22.8 million revenue during the same three months the year before. The Austin-based real estate, mineral and fiber resources management firm (NYSE: FOR) reported shares lost 65 cents in the fourth quarter, down from 7 cents in the same three months in 2010. For the full fiscal year 2011, Forestar reported a profit of $7.2 million on $135.6 million revenue, compared to a $5…



