03:56 PM EST - Genesis Land Development Corp. : said its second-quarter after-tax earnings declined to $4.39 million or $0.10 per share from $5.39 million or $0.12 per share in the comparable period. However, revenues for the latest quarter improved to $31.1 million from $22.2 million in the same period last year. As at June 30, 2009, Genesis had a book value of $320.6 million for real estate held for development and sale. Genesis Land Development Corp.
shares T.GDC are trading down $0.14 at $1.80.
