11/10/2011 - 3:36 PM EST - MI Developments Inc. : announced its income from continuing operations was $15.5 million in the third quarter of 2011 compared to $13.9 million in the prior-year period. Net income of $15.5 million for the third quarter of 2011 increased by $26.0 million from a net loss of $10.5 million in the prior-year period. The $26.0-million increase is primarily due to the loss from discontinued operations of $24.4 million in the third quarter of 2010. MI Developments Inc.
shares T.MIM are trading up $0.39 at $33.47.
