Hammond Co. Income Soars in 2nd Quarter
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The Hammond Co. reported net income of $849,235 for its second fiscal quarter ended Sept. 30, up 510% from $139,158. Second-quarter revenues for the Newport Beach mortgage banking company’s fiscal 1987 were $8.78 million, up 59% from $5.5 million.
For the first six months, Hammond reported net income of $325,562, up 25% from $251,591. Revenue for the six months was $14.1 million, up 38% from $10.2 million.
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