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THIRD QUARTER GAAP OPERATING INCOME CLIMBS 67.2 AT ARM FINANCIAL
- Article from:
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PR Newswire
- Article date:
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November 13, 1995
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Copyright informationCOPYRIGHT 1995 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOUISVILLE, Ky., Nov. 13 /PRNewswire/ --- ARM Financial Group, Inc. (the "Company") (AMEX: ARMpr), a Louisville, Kentucky-based financial services company, announced today third quarter operating income of $8.4 million on revenues of $54.8 million on a generally accepted accounting principles ("GAAP") basis. This represents an increase in operating income of 67.2 over the third quarter last
year. On a statutory accounting basis ("SAP"), the Company had operating income of $8.9 million, an increase of 40.9 over the third quarter last year.
"Despite the volatile economic environment this year, we are pleased by our continued sales growth and escalating financial results. " ...
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