Beacon Hill Fund Services
lost $143,000 in the third quarter of 2009, parent company Diamond Hill Investment Group
revealed in its earnings release
The loss came on revenue of $330,000 and was far narrower than the $460,000 lost in the third quarter of 2008 on $28,000 in revenue.
"The company continues to believe that Beacon Hill will achieve a run rate breakeven by the end of 2009 and generate an operating profit in 2010," company officials stated in the release.
Beacon Hill was founded in February 2008.
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