Castle Group plans to grow outside Hawaii - Pacific Business News (Honolulu):

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The Honolulu-based company reported profitxsof $99,658 for the first quarter endedr March 31, up 405 percenrt from $19,702 in the same period last year. Revenues of $6 were up 21 percent from $5 millio n during the first quarterof 2007. The revenue increases resulted from new propertiesunder contract, the strength of the New Zealans dollar and changes in rates and occupancyg at Castle's properties, the compant said.
"We have recentlh observed a change in demand for hotel roomsd at properties on allHawaiian islands," said Alan Mattson, chietf operating officer, in a "This is primarily due to three factors: overalll economic conditions, the loss of two significany airlines with their lift into Hawaiii and increased airfares on the part of the other carriers. On the other hand, our expansiomn into Micronesia, New Zealand, Thailand and Vietnam shoulds tend to offset the impact of this trend for our The Castle Group is a holding companufor , which manages hotels and condominiums in Hawaii, Micronesia, Thailand, New Zealand, Guam and