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Article: American Business Financial Services, Inc. Reports Record Third Quarter Results
- Article from:
- PR Newswire
- Article date:
- April 21, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. 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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Expanding Operations and New Marketing Initiatives
Contribute to Record Loan Volume and Earnings
BALA CYNWYD, Pa., April 21 /PRNewswire/ -- American Business Financial Services, Inc. (Nasdaq: ABFI) announced today record revenue, net income and earnings per share for the third quarter and nine months ended March 31, 1997.
Revenues of $9,141,000 increased by 885 percent over revenues of $928,000 for the third quarter of fiscal 1996. Revenues for the nine-month period increased by 212 percent to $20,047,000, an increase of $13,617,000 over revenues of $6,430,000 for the nine-month period of fiscal 1996.
Net ...
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