Consolidated Tomoka Announces First Quarter Results - Loss Per Share of $0.05

Consolidated-Tomoka Land Co. CTO today reported a net loss of $258,905, or $0.05 loss per basic share, and earnings before depreciation, amortization and deferred taxes (EBDDT) of $250,477, or $0.04 per share, for the quarter ended March 31, 2011. The comparable numbers for the first quarter of 2010 were net income of $77,819 or $0.01 basic earnings per share and EBDDT of $769,544 or $0.13 per share.