Intermark Anticipates $1.1 Million Net
Intermark Inc. anticipates that net income for the fourth quarter ended March 31 will be about $1.1 million. The company, which reported $1.1 million, or 11 cents per share, in net income for the first three quarters of the year, reported a $3.6-million loss for fiscal 1986. Revenue is expected to grow to about $515 million for fiscal 1987, up from $441 million a year ago.
Intermark, which owns 41% of Triton Group Ltd., “is debating” increasing its ownership to over 50%, Charles R. Scott, president and chief executive, told Dow Jones news service.
The La Jolla-based company also will go ahead with a previously announced plan to increase its holdings in Pier 1 Imports to over 50% from 43%. The company owned more than 50% of Pier 1 stock until last year when its position was diluted.
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