Factoring Expected to Lead KBK Back to Profitability After Q3 Loss of $3.4m Announced


KBK Capital Corporation, which provides financial services to middle-market businesses, today reported its operating results for the third quarter and first nine months of 2001.

For the three-month period ended 30 September 2001, the company reported a net loss of $3,396,400, or ($1.43) per diluted share, compared with a net income of $277,700, or $0.10 per diluted share, in the third quarter of 2000. The net loss during the first nine months of 2001 totalled $8.3 million, or ($3.22) per diluted share, which represented a $9.2 million decrease when compared with net income of $935,100, or $0.33 per diluted share, in the corresponding period of the prior year.



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