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twitterTimeshare operator’s results continue improving
Wednesday, April 26, 2000 | 10:37 a.m.
Mego Financial Corp. of Las Vegas reported net income of $1 million, or 29 cents per share, for the quarter ending Feb. 29. That's up from a loss of $522,000, or 15 cents per share, posted in the year-ago period.
Mego's revenues increased 32 percent to $21 million. Mego attributed stronger earnings and revenues to a 28 percent jump in timeshare and land sales by subsidiary Preferred Equities Corp.
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