Griffin Industrial Realty said it trimmed its first quarter losses thanks to higher revenue and lower expenses.
For the quarter ended Feb. 29, Griffin, which is based in New York but has its operating headquarters in Bloomfield, reported a net loss of $335,000, or 7 cents per share, compared to a net loss $708,000, or 14 cents per share, in the year ago period.
Griffin saw a first quarter revenue increase to $6.6 million, up from $6.2 million for the same quarter in 2015.
Griffin reported lower operating expenses due mostly to lower snow removal expenses in the 2016 first quarter than in the 2015 first quarter due to less severe weather.
