St. Joe Company Improves in Latest Financial Report

2012 was a better year for the St. Joe Company.
St. Joe Co.
2012 $6.0 Million
2011 -$330.3 Million

Stock Earnings
2012 $0.07 per share
2011 - $3.58 per share

St. Joe announced Thursday the company had a net profit 6-million dollars. That's a huge improvement over 2011, when the company lost a little more than 330-million.

Management attributes the profitable year to the improving real estate and tourism markets, selling 19% more timber than the year before, leasing business space to tenants in Port St. Joe and Venture Crossings at the new airport, and the sale of 32-hundrd acres of land for 18-point-3 million dollars.

St. Joe also cut operating expenses by almost 19-million dollars.

8195 Front Beach Road Panama City Beach, FL 32407 Station: 850-234-7777 News: 850-230-5221 Fax: 850-233-6647
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 194098141 -
Gray Television, Inc.