Banner Year: The venture capital firm of...
- Share via
Banner Year: The venture capital firm of International Daleco Corp. on Thursday reported record results for its 1991 fiscal year. The Newport Beach-based company said it had net income of $1.3 million, or 30 cents a share, up 428% from 1990 fiscal profit of $262,182, or 6 cents a share. Revenue was $2.2 million, a 180% increase over last year’s $776,342. The company said part of the reason for the improvement in results was from its successful buyout of one of its marketing partnerships, Daleco Zila Partners, Ltd. in Newport Beach. The company also said it is completing a $1-million financing package for a wholly owned subsidiary that will sell a line of premium health and skin care products.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.