Wright Investors Service net loss narrows to $243,000 in Q2 FY26; interest and other income falls to $8,000
Reuters2026/08/14 17:45- Wright Investors Service Holdings posted a net loss of $243,000 for Q2, roughly flat versus a $244,000 loss a year earlier.
- Interest and other income, net fell to $8,000 from $14,000, on lower mutual-fund yields and lower balances.
- Other operating expenses eased to $136,000 from $145,000, despite higher dam-property repair and maintenance fees.
- Liquidity included $48,000 in cash and cash equivalents, with $870,000 invested in mutual funds at June 30, 2026.
- Directors are weighing acquisitions of operating businesses, with options to distribute some cash and mutual-fund investments to stockholders.
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