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The Honolulu Advertiser

Updated at 4:00 p.m., Wednesday, September 19, 2007

Castle Group reports $170,208 loss in latest quarter

Advertiser Staff

Castle Group Inc., a Honolulu-based hospitality management company, reported it swung to a net loss of $170,208 in the three months ended June 30. A year earlier, it recorded a profit of $12,103 in the quarter.

The company that manages and markets resort condominiums and hotels had revenue of $5.24 million in the quarter, up from $5.03 million a year earlier. The information was contained in a filing Castle made at the Securities and Exchange Commission.

The filing also discloses that the company wants to expand in Hawai'i, Micronesia, New Zealand, Thailand and Central America.