National Intergroup Inc. posted net income of...

National Intergroup Inc. posted net income of $16.9 million in the third quarter. Strong results from the recently acquired Permian Corp. and higher earnings by NII’s financial-service businesses contributed to the improvement over the third-quarter 1984 net loss of $14 million. Howard M. Love, chairman and chief executive of NII, said: “While third-quarter earnings remain far below acceptable levels, we are encouraged by the upward movement. Programs to diversify and to improve margins and cash flow are beginning to take hold.” For the first nine months of 1985, NII’s net loss totaled $13.3 million, compared to a net loss of $3.9 million in the 1984 period. NII’s sales in the third quarter totaled $670 million, including $473.7 million from Permian Corp., compares to NII sales of $548.4 million in the third quarter of 1984. For the first nine months of 1985, sales totaled $1 billion, vs. $2.1 billion in the 1984 period.