The Rouse Company today announced that its net losses nearly doubled in the first half of this year compared with 1990, although overall earnings before depreciation and deferred taxes increased 2 percent for the same period.
The Columbia-based development firm's earnings increased from $19.4 million in the first six months of 1990 to $19.8 million this year. Meanwhile, losses -- which reflect depreciation charges the company is required to account for -- also increased from $3.9 million in 1990 to $8.4 million this year.
Second-quarter earnings increased six percent from $8.5 million to $9.0 million last year. Losses in the second quarter went from $3.4 million in the second quarter of 1990 to $5 million this year.