Intermark reported a $4.6-million net loss for...
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Intermark reported a $4.6-million net loss for the first quarter ended June 30. The La Jolla-based company blamed a $7-million extraordinary charge for costs generated by the early retirement of $59 million in debt.
Earnings for Intermark’s continuing operations rose 93% to $2.4 million for the first quarter. Revenue rose 17% to $164 million. Earnings gains were reported by Intermark’s Pier 1 Imports, Triton Group and Dynamark businesses.
Pier 1 “continues to be our biggest success story,” Intermark Chairman Charles R. Scott said.