But the bank has moved efficiently to control expenses and total revenues have improved again for the quarter.
In the second year, ridership rose to 22.3 million and revenues improved to 1.4 billion, which narrowed to below 0.5 billion.
Its revenues from sales to supermarkets and institutions, which totaled just $1.4 million in 1989, have also improved.
He estimates that Virage has enough cash to last 18 to 24 months if revenue does not improve.
In recent years, the complex has filled up with tenants and revenues have improved significantly.
The council believes more revenue would improve the management of the state's wildlife and hunting grounds.
Across the sector, revenues may not improve substantially until corporate technology spending ramps up.
Although revenues only improved 17.6 percent from the corresponding quarter in 1987, net income more than doubled thanks to a large improvement in operating profit.
But revenue improved from $4.3 billion in the fourth quarter, a 3 percent increase.
While revenues for the quarter improved 1 percent, to $1.1 billion, a company record, sales were off internationally, the company's key growth area.