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Heartland Partners LP, a Chicago real estate firm, said its fourth-quarter profits plummeted 95 percent, to $36,000, or 2 cents a share, from $669,000, or 31 cents a share, a year earlier. Fourth-quarter revenues were $1.6 million, or 53 percent less than the $3.4 million posted a year earlier.
For all of last year, Heartland lost $2.6 million, or $1.20 a share, compared with a $38,000 loss, or 2 cents a share, in 1993. Revenues were $3.5 million, 52 percent lower than the $7.3 million reported for 1993.
