Monday, May 21, 2012

Earnings

I'm pretty behind on a lot of news, so I'll try to just get down to it.  First up we've got the first quarter 2012 earnings, where we get to see yet again how much a couple of companies profit by locking people up.  I'm happy to report that CCA didn't do quite as well this year as they did last year; it looks like the Corrections Investment Initiative hasn't quite paid off.  They only earned $31.7 million in the first three months of this year, a measly $352,222 per day.  Just last year, the company earned $40 million over that same time frame.

The GEO Group's profit dipped as well, despite the fact that its revenues increased by about $21 million.  They earned a little more than $15 million in profit, which comes out to about $166,666 per day. 

That seems totally justifiable.

1 comment:

  1. They do know what methods they have. I'm impressed.

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