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EARNINGS

November 05, 1987

Christiana Cos. posted a profit of $143,000 in the first quarter, contrasted with a loss of $116,000 a year ago. The San Diego company noted that this year's first quarter was its first profitable quarter in a year. Revenue declined sharply, to $1.1 million from $9.1 million. The company said that the decline was from the sale of its condominium projects and that the sellout, combined with the company's expense-reduction program, resulted in the first-quarter profit.

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