Pacific Southwest Expects Up to $950,000 in Income
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Pacific Southwest Corp., a Northridge-based real estate and financial services company, said it expects to report net income of between $800,000 and $950,000 for the fiscal year that ended July 31 on revenue of $5.5 million.
For the fiscal year that ended July 31, 1989, the company lost $71,000 on $2.82 million in revenue.
Jerry Fraschilla, Pacific Southwest’s president, said the turnaround is due mostly to an improved performance by the company’s securities portfolio and to the receipt of a debt payment in the fourth quarter.
Fraschilla also said Pacific Southwest’s over-the-counter stock began trading on the National Assn. of Securities Dealers Automated Quotation (NASDAQ) system.
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