Investors Capital Holdings Names Murphy CEO

ICH, which trades on the Amex, announced August 22 that it had a net loss of $0.27 million, or $0.04 per share, on record revenue of $22.9 million for its fiscal first quarter ended June 30. However, the company reported that its advisory fee revenue increased 38% for the quarter to $3.0 million versus $2.2 million for the same quarter in 2007. In the most recent quarter, ICH’s commissions, which the company noted represents the bulk of its revenues, dipped 2.2% to $19.3 million from $19.7 million in the same quarter in 2007.