March 22, 2010 (FinancialWire) — Circa Enterprises, Inc. (TSX Venture: CTO) posted fourth-quarter net loss of $200,000 or $0.02 per share, narrower than $1.6 million or $0.17 per share in the same quarter last year. The net loss includes a valuation allowance of $200,000 recorded in the fourth quarter of 2009 on the company's future tax asset and in the fourth quarter of 2008, the company recorded an after tax impairment charge of $1.8 million, the company said. Consolidated sales for the quarter decreased by 21.6% to $6.4 million from $8.2 million in the prior-year period. Circa shares were even at $0.20 on Friday.

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