Citadel Holding Corp. of Glendale reported net...

Citadel Holding Corp. of Glendale reported net earnings of $6.16 million for the three months ended Sept. 30. That is about six times the net earnings of $1.02 million for the same quarter of 1984. For the nine months, net earnings were $19.33 million. That is five times the earnings of $3.85 million for the first nine months of 1984. Gerald D. Barrone, president and chief executive, said: “Management is very pleased to report strong third-quarter and record nine-month earnings, all derived from regular operations. The increase in net earnings was achieved primarily through higher interest income and lower interest expense, resulting in an increased margin on funds.”