August 3, 2011
CCA boasts of increased profits from Calif paying for more out-of-state inmates (AB 109)
Total management revenue for the second quarter of 2011 increased 5.6% to $430.7 million from $407.7 million during the second quarter of 2010, primarily driven by a 5.4% increase in average daily inmate populations. Management revenue from our federal partners increased 4.7% to $185.9 million generated during the second quarter of 2011 compared with $177.5 million generated during the prior year period.
Management revenue from our state partners increased 6.9% to $216.4 million during the second quarter of 2011 compared with $202.5 million during the second quarter of 2010. State revenue increased primarily as a result of higher inmate populations from the state of California...
LINK - MarketWire.com
