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COPYRIGHT 2006 Business Wire
IRVINE, Calif. -- Consumer Portfolio Services, Inc. (Nasdaq:CPSS) today announced earnings for its fourth quarter and year ended December 31, 2005.
Net income for the quarter ended December 31, 2005 was $1.7 million, or $0.07 per diluted share, compared to net loss of $(12.2) million, or $(0.57) per diluted share, for the quarter ended December 31, 2004. For the three months ended December 31, 2005 total revenues increased approximately $17.1 million, or 45.6%, to $54.7 million, compared to $37.6 million for the three months ended December 31, 2004. Total expenses for the three months ended December 31, 2005 were $53.0 million, an increase of $3.2 million, or 6.5%, as compared to $49.8 million for the three months ended December 31, 2004. Expenses for the fourth quarter of 2004 included two significant non-cash charges totaling $13.6 million, which were not incurred in the fourth quarter of 2005.
Net income for the year ended December 31, 2005 was $3.4 million, or $0.14 per diluted share, compared to net loss of $(15.9) million, or $(0.75) per diluted share, for the year ended December 31, 2004. For the year ended December 31, 2005 total revenues increased approximately $61.0 million, or 46.0%, to $193.7 million, compared to $132.7 million for the...
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