Fairmont Financial Posts 151% Profit Rise

Fairmont Financial reported net income of $2.0 million, or 31 cents a share, for its second quarter ended June 30, up 151% from the same period a year ago. Revenue for the Burbank-based insurance holding company rose 124%, to $38.8 million.

For the six months ended June 30, Fairmont’s net income was up 162%, to $3.4 million, or 57 cents a share. Revenue was up 98%, to $67.0 million. Fairmont specializes in workers compensation insurance.