Consumer Portfolio Services Posts Loss

Consumer Portfolio Services Inc., an Irvine automobile finance company, said it lost $6.7 million, or 33 cents a share, for the fourth quarter, compared with a net loss of $18.9 million, or 94 cents a share, for the 1999 fourth quarter. Revenue totaled $7.8 million, contrasted with year-earlier negative revenue of $10.2 million, related to a loss in interest income.

The company’s net loss for the year was $22.1 million, or $1.10 a share, compared with a net loss of $44.5 million, or $2.38 a share, for the prior year. Revenue increased to $36 million from $14.8 million.