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Tag Archives: revenue

County loses revenue from pipeline, Section 42 housing

PASCAGOULA — Jackson County is taking an unexpected hit in revenue with a recent drop in the assessed value of a major pipeline and a loss in tax revenue from federally subsidized housing. The Sun Herald reports a state tax appeals board ruled in favor of the owners of the Destin Pipeline, and lowered its assessed value by about $1.5 ...

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Entergy reports decreased profit; gives 2014 forecast

NEW ORLEANS — Entergy Corp. said day that its third-quarter profit fell 29 percent on higher costs, and it gave a 2014 forecast with midpoint below analysts’ expectations. Shares of the power generating and distribution company fell $2.05, or 3 percent, to close at $66.06. Net income fell to $239.9 million, or $1.34 per share, compared with $337.1 million, or ...

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State's casinos see another month of falling revenue

ACROSS MISSISSIPPI — Mississippi casinos won less money from gamblers in September for the 13th month out of 15, as casinos along the Mississippi River continued to lag badly. Mississippi Department of Revenue figures show statewide casino revenue fell 4.4 percent from September 2012 to $170.2 million. The 12 coastal casinos won $88 million from gamblers, up 1.7 percent from ...

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EastGroup reports increase in revenue, profit

JACKSON — More tenants are renting industrial space from landlord EastGroup Properties, pushing up revenue and profit in the third quarter. The company said quarterly profit rose 24 percent to $8.4 million, or 28 cents per share, in the three months that ended September 30. That’s up from $6.8 million, or 23 cents per share, in 2012’s third quarter. Quarterly ...

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State's casinos see continued drop in winnings

ACROSS MISSISSIPPI — Month after month, Mississippi’s casinos are winning less from gamblers. Some months, such as August, see a blip, and revenue rises a little. But those are exceptions. After hitting nearly $2.9 billion in 2007, revenue fell 22 percent to $2.25 billion in 2012. And the take is on track to dip another $100 million in 2013, state ...

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State's tax collections come in well over outlook

ACROSS MISSISSIPPI — Mississippi tax collections for the first quarter of the state’s fiscal year — July through August — are 5.9 percent above the estimate and $124.3 million, or 12.1 percent, above what was collected during the same period a year ago. The estimate — made by legislative leaders upon advice of the state’s financial experts — is important ...

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Port warehouse expected to bring in $1M next year

NATCHEZ — A warehouse that Adams County purchased is projected to generate almost $1 million next year in revenue. Natchez-Adams Port director Anthony Hauer tells the Natchez Democrat that the warehouse could net approximately $400,000 for the port. The port director says the numbers for the warehouse projection are based on an average monthly income for the facility, which the ...

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Cal-Maine sees income fall while costs rise

JACKSON — Cal-Maine Foods Inc. said today that its fiscal first-quarter net income fell 6 percent as feed and production costs climbed. The egg producer earned $8.8 million, or 36 cents per share, for the period ended Aug. 31. That compares with $9.4 million, or 39 cents per share, a year earlier. Revenue for the Jackson-based company rose 17 percent ...

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Hearings at end, lawmakers start to craft budget

JACKSON — Now that budget hearings are over, Mississippi lawmakers face a long process of deciding how to spend tax dollars for fiscal 2015, which begins July 1. The 14 members of the Joint Legislative Budget Committee held four days of public hearings last week and quizzed agency leaders about how money is already being spent on programs large and ...

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Casino revenue up, but gaming along river remains depressed

It has been an easy year so far for the state’s casinos, but there is finally some good news, at least for venues on the Coast. Mississippi Department of Revenue figures show casinos took in about $179.1 million in August, compared to about $178.4 million a year ago, according to The Associated Press. The 12 casinos in coastal counties won ...

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