Celtic Investment Inc. Announces Fiscal Year Ending June 30, 1997 Consolidated Corporate Financial Results.BARRINGTON Barrington, town (1990 pop. 15,849), Bristol co., E R.I., on the Barrington River; settled c.1670, included in Massachusetts until 1746, inc. 1770. It is a residential and resort area. Barrington College is there. , Ill.--(BUSINESS WIRE)--Oct. 3, 1997--Celtic Investment Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CELT Celt (kĕlt, sĕlt) or Kelt (kĕlt). 1 One who speaks a Celtic language or who derives ancestry from an area where a Celtic language was spoken; i.e. ) Wednesday announced the corporate and subsidiaries consolidated financial results for Fiscal Year ending June 30, 1997. The company reported a profit for the first time since it started operations three years ago. The company's profit for the year is $11,730, compared to a loss of ($170,000) and ($1,200,000) for Fiscal Years 1996 and 1995. The company's total revenue increased from approximately $1,200,000 in FY 1996 to $1,750,000 in FY 1997, an increase of 46 percent. The company's subsidiaries operate in the asset based lending, mortgage and real estate brokerage industries. The company plans to continue its diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. business plan of expanding the existing subsidiaries operations and seeking other merger/acquisition opportunities. CONTACT: Celtic Investment Inc., Barrington Douglas P. Morris, 847/516-2900 |
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