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Quanta Capital posts Q2 profit

Bermuda-based Quanta Capital Holdings has reported that its net income for the second quarter of 2004 was $1.8m, the first quarter that the company has reported a profit since it was founded in May 2003.

In the first quarter of 2004 the company made a net loss of $4.5m. Net income excluding net realized losses on investments for the second quarter of 2004 was $2.6m.

Gross premiums written for the

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