Investors Title Co. (ITIC) announced a significant 17% increase in second-quarter profits on a 12.1% rise in revenue compared to the previous year.Quarterly earnings rose to $8.871 million or $4.70 per share, up from $7.585 million or $4.00 per share a year earlier.Total revenues reached $65.38 million, compared to $58.31 million in the prior year.The company, which provides residential and commercial title insurance for various property types including residential, institutional, commercial, and industrial, attributed the increase in premiums written for the quarter to higher activity levels and elevated average real estate sales prices.The material has been provided by InstaForex Company – www.instaforex.com
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