- April 23, 2024
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+ Palm Coast Data increases profits despite lower revenues
AMREP Corp., the New Jersey-based parent company of Palm Coast Data, reported a year-over-year increase in its fiscal 2012 second-quarter profits despite a decline in revenues. The company credits the spike to operating cost reductions.
For the three-month fiscal quarter ending Oct. 31, AMREP generated a net profit of $1,083,000, or 18 cents per share, up from a net profit of $731,000, or 12 cents per share, for the same quarter last year.
Revenues for the fiscal second quarter were $23.35 million, compared with $25.8 million for the same period last year.
The company’s subscription-fulfillment revenues decreased to $16.5 million in the fiscal 2012 second quarter, down from $19.6 million for the same period.
Palm Coast Data employs 900 workers.
+ Senator opens Bunnell office
State Sen. Audrey Gibson has announced the opening of two district satellite offices, one in Daytona Beach and one in Bunnell. The offices are made possible through a government-to-government agreement and will not cost the state any funding.
+ Lunsford ups space at airport
The Flagler County Board of County Commissioners approved a five-year, $1,200-per-month agreement between Lunsford Air Consulting Inc. and the Flagler County Airport, expanding the company’s space in that facility. Lunsford provides helicopter and fixed wing training services, and has been located in the airport seven years.
+ Bings contract awarded
Flagler County has awarded a $193,600 design/build contract to Saboungi Construction, of Ormond Beach, for a new pier, pavilion and canoe/kayak launch at Bings Landing. Bunnell-based S.E. Cline Construction submitted the second-lowest bid, of $232,325.
+ County hears transportation planning proposals
The Flagler County Board of County Commissioners heard two presentations Monday, Dec. 19, from the Volusia County Transportation Planning Organization and the North Florida Transportation Planning Organization. Currently handled in part by county staff, transportation planning services must be assigned to an umbrella organization once a county reaches a certain size or, according to County Administrator Craig Coffey, staff would have little say in how and where roadways are built in Flagler.
“This is a case where numbers matter and population matters,” he said, citing population and density limits. “As we grow, we will be under this umbrella. … If we’re proactive, we can shape this a little.”
+ Meeker, DeVore, Blair on Tourist Development Council
Palm Coast City Councilman Frank Meeker will be the elected municipal official on the Tourist Development Council. Bob DeVore and Andrew Blair were also reappointed to the council.
+ Flagler Beach accepts van
The Flagler County declared one of its vans as surplus, Dec. 19, and agreed to donate it to the city of Flagler Beach. The city will use the van for emergency purposes, and has agreed to fund about $1,000 needed for automotive repairs.
PUBLIC MEETINGS
Palm Coast City Council — the next workshop is 9 a.m. Tuesday, Jan. 10, at city offices.
Flagler County Board of County Commissioners — the next workshop and regular meeting begin 9 a.m. Monday, Jan. 17, at the Government Services Building.
Flagler County School Board — the next workshop/meeting is 5 p.m. Tuesday, Jan. 3, at the Government Services Building.
