Telecredit Inc.: The Los Angeles business services...
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From Times Staff and Wire Service Reports
Telecredit Inc.: The Los Angeles business services company, which provides credit card processing services to banks, credit unions and savings institutions, said net income for the year rose 15% to a record $28.5 million, while revenue increased 5% to a record $167.6 million. The firm said the results reflect a 17% after-tax return on revenue and a 33% after-tax return on average stockholders’ equity.
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