10:59 AM EST - West 49 Inc. : reported that its fourth quarter net income improved to $2.9 million or $0.05 per basic share, compared to net income of $2.7 million, or $0.04 per basic share in the same quarter of last year. Net income for the quarter included a non-recurring, non-cash charge of $0.5 million, following a write down of goodwill associated with the acquisition of an online retailer. Excluding this charge, net income for the quarter was $3.4 million or $0.05 per basic share. West 49 Inc.
shares T.WXX are trading off 4 cents at $1.41.
