Jerusalem Real Estate Investment Co. announced unaudited earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported total revenues of $23,156 compared to $4,916 a year ago.

Net loss before income tax was $583,677 compared to $1,368,360 a year ago. Net loss from continuous operations was $583,677 compared to $1,368,360 a year ago. Net loss was $583,677 compared to $1,368,360 a year ago.

LPS was $0.0584 compared to $0.1368 a year ago. Net cash used in operating activities was $584,970 compared to $520,956 a year ago. Purchases of property, plant, and equipment were $5,069 compared to $17,550 a year ago.

Book value per share was $0.882 compared to $0.957 a year ago. Return on assets was negative of 0.040% compared to 0.086% a year ago. Return on equity was negative of 0.066% compared to 0.143% a year ago.