Howard Hughes Reports Narrower Loss After Recording Tax Benefit
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Howard Hughes Corp., the U.S. property company spun off last year from General Growth Properties Inc., reported a narrower fourth-quarter loss after recording a tax benefit.
The net loss was $4.6 million, or 12 cents a share, compared with a loss of $535.9 million, or $14.21 a share, a year earlier, the Dallas-based company said in a statement yesterday. The company recorded a $651 million tax benefit in the fourth quarter.