Intermark: The San Diego-based firm reported a...
From Times Staff and Wire Reports
Intermark: The San Diego-based firm reported a third-quarter loss of $6.8 million on revenue of $175.4 million, contrasted with a profit of $7.2 million on revenue of $169.8 million for the same quarter the previous year. The loss resulted from several factors, including Intermark’s recognition of its 39% share of the $7.6-million loss reported by its partner company, Triton Group. Triton’s loss resulted partly from its decision to write off the carrying value of the preferred stock it received in the sale of Simplicity Pattern and from other investment write-downs.
