THE VIRGINIAN-PILOT
Copyright (c) 1994, Landmark Communications, Inc.
DATE: Tuesday, November 1, 1994 TAG: 9411020668
SECTION: BUSINESS PAGE: D01 EDITION: FINAL
SOURCE: From staff reports
LENGTH: Short : 21 lines
TFC Enterprises Inc. has reported third quarter net income of $1.9 million, or 17 cents per common share, compared with a net loss of $1.5 million, or 14 cents per common share on a pro forma basis, in the third quarter of 1993. Net interest income for the quarter totaled $7.3 million, up 36 percent from $5.4 million in the prior year period. TFC Enterprises, Inc., through its wholly-owned subsidiary, The Finance Company, specializes in purchasing and servicing installment sales contracts originated by used car dealers. The Norfolk-based firm also has operations in Jacksonville, Fla., and Dallas. by CNB