Noble Roman’s profit stagnated in 2006

Noble Roman’s Inc. reported $1.9 million in profit for 2006, down from $2.9 million in the prior year. However, the Indianapolis company benefited in 2005 from a $1 million one-time settlement from SummitBridge National Investments LLC.

The company, which franchises Noble Roman’s Pizza and Tuscano’s Italian Style Subs restaurants, has announced area development agreements in recent months that call for 311 units across the country over the next six years.

Noble Romans shares back stepped slightly today, to $3.75. The stock traded below $1 as recently as July 2006.

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