Admar Group Reports Loss: Admar Group Inc.,...
Admar Group Reports Loss: Admar Group Inc., a Santa Ana managed health care services company, lost $731,200, or 9 cents a share, for fiscal 1993, contrasted with net income of $268,500, or 3 cents a share, the prior year. Revenue for the year ended Jan. 31 was up 27%, to $12.7 million from nearly $10 million. For the fourth quarter, the company recorded net income of $38,800, or less than 1 cent a share, compared to year-earlier net income of $67,500, or less than 1 cent a share. Revenues increased 58%, to $4.1 million from $2.6 million, due, in part, to the acquisition of four companies.
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