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DVI Financial Corp. of Newport Beach, formerly...

DVI Financial Corp. of Newport Beach, formerly called Diagnostic Ventures, posted earnings of $401,287 for the fiscal year ended June 30, contrasted with a net loss of $338,431 for the period in the previous year. Revenue rose to $15.3 million, about four times the $3.8 million reported for the year before. Fourth-quarter earnings totaled $172,070, contrasted with a loss of $157,389 for the comparable quarter last year. Revenue rose 23% to $2.9 million from $2.3 million a year ago. The company, which is 3 years old, attributed the improvement to a greater volume of business. Another factor was the change in accounting methods last year, which produced the loss for fiscal 1987. The company also announced that it changed its name to DVI Financial Corp. to identify it with its core business of medical equipment leasing. The name of the company’s operating subsidiary, DVI Financial Services Inc., will remain.


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