03:27 PM EST - Madison Pacific Properties Inc. : announced the results of operations for the nine months ending September 30, 2011. The company is reporting net income for the period of $25.7 million (2010: $16.4 million); cash flow from continuing operations before changes in non-cash operating working capital of $4.6 million (2010: $4.9 million); and income per share of $0.43 (2010: $0.29). The increase in net income included a $16.6 million gain on recognition of the company's deferred tax assets (2010: nil). Madison Pacific Properties Inc.
shares T.MPC are trading even at $3.50.
