Pay-Fone Systems Posts $7,270 Loss
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Pay-Fone Systems Inc., a Van Nuys-based payroll service company that does business as Precision Payroll, posted a $7,270 loss for its fiscal first quarter, contrasted with a $45,000 profit a year earlier.
The loss in the three months that ended Sept. 30 came on operating revenue of $1.1 million, about the same as last year’s fiscal first quarter.
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