Beacon Hill Fund Services lost $143,000 in the third quarter of 2009, parent company Diamond Hill Investment Group revealed in its earnings release Friday afternoon.

The loss came on revenue of $330,000 and was far narrower than the $460,000 lost in the third quarter of 2008 on $28,000 in revenue.

"The company continues to believe that Beacon Hill will achieve a run rate breakeven by the end of 2009 and generate an operating profit in 2010," company officials stated in the release.

Beacon Hill was founded in February 2008. 

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