Internet Capital Group Inc., of Wayne, today reported profit of $14.9 million, or 37 cents per share, on revenue of $17 million for the fourth quarter of 2006, compared to a loss of $12.7 million, or 34 cents per share, on revenue of $12 million for the same period a year ago.
Profits for the quarter and year came primarily on sales of interests in some of its partner companies and marketable securities, the company said in a release. Results for 2005 included $107.4 million in gains primarily related to sales of partner companies.
ICG acquires and builds Internet software and services companies.
For all of 2006 the company had net income of $15.6 million, or 41 cents per share on revenue of $64.8 million, versus net income of $72.5 million, or $1.73 per diluted share, on revenue of $47.6 million for all of 2005.