TECHNOLOGY, STAFF COSTS HELP CAUSE CIRCLE’S EARNINGS DROP

TECHNOLOGY, STAFF COSTS HELP CAUSE CIRCLE’S EARNINGS DROP

   Circle International Group reported a net income of $4.8 million in the
second quarter ending June 30, compared to $7.85 million in earnings the
same time last year.
   The San Francisco-based company’s profits were reduced by an increase in its sales force and continued technology investments. Circle’s year 2000 programming expenses are expected to decline, however, during the second half of the year, said David I Beatson, chairman, president and chief executive officer for Circle.
   Revenues for the second quarter rose 12 percent to $195.2 million.

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