Cypress Financial Profits for Quarter, Year

Cypress Financial Services Inc., which services delinquent debt, posted net income of $1.1 million, or 17 cents a share, for the fourth fiscal quarter, contrasted with a net loss of $321,948, or 7 cents a share, for the year-earlier period. Revenue for the quarter ended Sept. 30 rose to $3.3 million from $1.1 million.

For the year, the Cypress-based company earned $1 million, or 21 cents a share, contrasted with a net loss of $454,527, or 10 cents a share, for the prior fiscal year.