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ARM FINANCIAL CORP. ANNOUNCES RESULTS FOR FIRST QUARTER 1992

 ARM FINANCIAL CORP. ANNOUNCES RESULTS FOR FIRST QUARTER 1992
 NEWPORT BEACH, Calif., June 4 /PRNewswire/ -- ARM Financial Corp. (AMEX: RXM) announced that for the quarter ended March 31, 1992, its first quarter since the completion of its major 1991 acquisition program, consolidated revenues increased six-fold to $3,850,049 from $644,587 for the same quarter last year. While reported earnings for the quarter were $107,621, quarterly earnings from a wholly owned unconsolidated subsidiary contributed an additional $133,161. Quarterly revenue from the wholly owned unconsolidated subsidary was $360,000. After a 1991 loss of $1.41 per share based on average shares outstanding of 5.95 million; the company reported quarterly earnings of $.01 per share based on 8.71 million shares outstanding. Quarterly earnings before depreciation, amortization, interest and taxes for ARM and its unconsolidated subsidiary were in excess of $900,000.
 -0- 6/4/92
 /CONTACT: Michael Goldberg or Maurice Levy of ARM Financial,


714-474-3000/
 (RXM) CO: ARM Financial Corp. ST: California IN: FIN SU: ERN


EH-AL -- LA007 -- 6840 06/04/92 07:33 EDT
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Publication:PR Newswire
Date:Jun 4, 1992
Words:179
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