Santa Monica-based Fremont General reported a profit...

Santa Monica-based Fremont General reported a profit from continuing operations for the third quarter and nine months ended Sept. 30, compared to losses for the same periods last year. Future operations are expected to be profitable for the firm, since it has provided for losses in liquidating the discontinued businesses in the current quarter, a spokesman said. The company is in a very strong financial condition with liquid resources of the holding company of approximately $200 million. Shareholders’ equity approximates $182 million, or $17.30 a share, the spokesman added.