First Fidelity Acceptance Corp.: The Irvine originator...
First Fidelity Acceptance Corp.: The Irvine originator of automobile loans posted a second-quarter profit of $637,000, contrasted with a year-earlier loss of $172,000. Revenue more than tripled, to $1.4 million from $380,000. For the first half, the company recorded a $1.1-million profit, compared to a $308,000 loss in the same period in 1992. First-half revenue of $2.6 million was more than six times the $383,000 reported for the year-ago period.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.