Manhattan Bridge Capital reports Q3 EPS 11c vs. 12c last year

Reports Q3 revenue $2.04M vs. $2.31M last year. Assaf Ran, chairman of the board and CEO of the company, stated, “The good news is that paid off loans during the third quarter exceeded our average, reflecting the strength and high quality of our loans even in rough times. However, the slow real estate markets in the geographic areas in which we operate causes longer time to redevelopment. Thus the decline in revenue and income. We continue to work tirelessly to deploy the available funds into safe and secure loans.”