NEW YORK — Value Line, Inc., (NASDAQ:VALU) has closed the sale of its 85,000 sq ft distribution, fulfillment and warehouse operating facility located in East Rutherford, NJ and expects to report an increase to net profits after tax for the first quarter of fiscal 2017 (ending July 31, 2016) of approximately $5.39 million.
The distribution, fulfillment and warehouse operations were recently relocated to another 24,000 sq ft leased facility in the same geographic area.
The Company produces investment related publications through its wholly-owned subsidiary, Value Line Publishing (“VLP”). VLP publishes in both print and electronic formats, The Value Line Investment Survey, one of the nation’s major periodical investment services, as well as The Value Line Investment Survey – Small- and Mid-cap, The Value Line 600, Value Line Select, Value Line Select: Dividend Income & Growth, The Value Line Fund Advisor, The Value Line Special Situations Service, The Value Line Daily Options Survey and The Value Line Convertibles Survey.
In fiscal 2016, Value Line reported net income of $7.29 million on revenues of $34.5 million, down from revenues of $35.5 million the year before.