DVI’s 3rd-Quarter Revenue Up 91%

DVI Inc., an equipment financing company, reported earnings of $1.2 million, or 18 cents a share, for its third fiscal quarter, nearly double the $646,464, or 10 cents a share, earned for last year’s third quarter.

Revenue for the quarter ended March 31 increased 91% to $10.5 million from $5.5 million. For the nine-month period, DVI posted net income of $2.7 million, or 39 cents a share, an increase of 93% over earnings of $1.4 million, or 21 cents a share, for the same period last year. Revenue for the period rose 83% to $26.3 million from $14.4 million.

The company also said Friday that it is considering raising an undetermined amount of cash for working capital, repayment of debt and general corporate purposes through a registered public offering of common stock at a par value 0.5 cents a share.