J.W. Mays, Inc. reported its financial results for the three months ended October 31, 2024, marking a return to profitability. The company posted a net income of $26,657, or $0.01 per share, for the fiscal first quarter of 2025. This is a substantial improvement compared to a net loss of $(192,544), or $(0.10) per share, in the comparable period of 2023.
Revenues from operations for the first quarter reached $5,539,129, an increase from $5,323,801 reported in the same three-month period of 2023. This represents a 4.0% increase in revenue year-over-year. The positive revenue trend contributed to the company's improved financial standing.
The shift from a net loss to a net income indicates operational improvements during the quarter. This financial performance suggests effective management of its commercial real estate portfolio in the current market environment.
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