Admar Group Doubles Its Annual Net Income
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Admar Group Inc. said its fiscal 1987 net income doubled to $48,000 from the prior year’s $24,000.
Revenue for the period ended July 31 rose 39%, to $2.5 million from $1.8 million a year ago.
For the first six months, net income dropped to $119,000 from $158,000 the previous year. The company said the decrease resulted from recent changes in the tax laws that reduced its credit for prior losses to $22,000 from $61,000 last year.
Revenues for the six-month period rose 40% to $5 million from $3.5 million in the first half of Admar’s fiscal 1986.
The Orange-based company manages health care systems.
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