Rockford Industries Doubles Yearly Net Income
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SANTA ANA — Rockford Industries Inc. said Monday that net income more than doubled last year on a 37% gain in revenue.
The finance company, which had its initial public offering in July, posted net income of $2.1 million, or 60 cents a share, for 1995, up from $930,000, or 38 cents a share, for 1994. Revenue rose to $74.3 million from $54.4 million.
Fourth-quarter net income rose to $948,000, or 22 cents a share, from $367,000, or 15 cents a share, for the 1994 fourth quarter. Revenue increased 82% to $24.9 million from $13.7 million.
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