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ADVANCED FINANCIAL, INC. REPORTS OPERATING RESULTS FOR THE NINE MONTH PERIOD ENDED DEC. 31, 1992

 SHAWNEE, Kan., March 1 /PRNewswire/ -- Advanced Financial, Inc., (NASDAQ: AVFI) reported that net profits were $778,878 or $.34 per share for the nine month period ending Dec. 31, 1992. This compares to net earnings of $261,639 or $.15 per share for the same period.
 Total operating revenue, interest and other income for the nine month period ending Dec. 31, 1992 was $3,806,271 as compared to $1,266,750 for the same period ending Dec. 31, 1991, which represents an increase of 200 percent.
 For the quarter ended Dec. 31, 1992, the company had net earnings of $152,946 or $.07 per share compared to $277,037 or $.16 per share for the same quarter in 1991. The company had a non recurring expense of $265,039 or $.11 per share in the quarter ended Dec. 31, 1992. This was due to costs related to the relocation of the company's mortgage servicing operations to Shawnee, in December 1992. Also, in the quarter ended Dec. 31, 1991, the company had an extraordinary gain of $102,090 or $.06 per share, related to the net operating loss carry forwards.
 -0- 3/1/93
 /CONTACT: Brad Morris, treasurer of Advanced Financial, Inc., 913-268-1404; or Mark Cohen of Cameron Associates, 212-644-9560, for Advanced Financial, Inc./
 (AVFI)


CO: Advanced Financial, Inc. ST: Kansas IN: FIN SU: ERN

SH-LR -- NY080 -- 1506 03/01/93 14:16 EST
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Publication:PR Newswire
Date:Mar 1, 1993
Words:234
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