Broadview Institute, Inc. Announces 4th Quarter Results (PR Newswire)

WOODBURY, Minn., June 30 /PRNewswire-FirstCall/ -- Broadview Institute, Inc. (OTC Bulletin Board: BVII - News ) today reported revenues from continuing operations for the fourth quarter ended March 31, 2008, of $2,558,709 versus $2,264,517 reported for the same period last year. Income from continuing operations in the fourth quarter totaled $1,261,075, or $0.14 and $0.13 per basic and diluted common share, versus income from continuing operations of $165,427, or $0.02 per basic and diluted common share, for the same period last year. During the fourth quarter of fiscal year 2008, Broadview Institute recorded an income tax benefit of $1,294,473, largely due to the reversal of the previously recorded valuation allowance on deferred tax assets, reflecting management's belief that the majority of the deferred tax assets as of... [read full story]