July 9, 1987
Admar Group Inc., the Orange-based health-care company that went public in September, said it has restated its earnings for the fiscal year ended Jan. 31. The company said its net income for the year came to $264,217, down 54% from $574,720 for the previous year. Extraordinary credits of $101,300 for fiscal 1987 and $107,000 for fiscal 1986 are included in these figures. Total revenues for fiscal 1987 were $7.7 million, nearly double the $3.9 million from the year before.
September 22, 1987
Admar Group Inc. said its fiscal 1987 net income doubled to $48,000 from the prior year's $24,000. Revenue for the period ended July 31 rose 39%, to $2.5 million from $1.8 million a year ago. For the first six months, net income dropped to $119,000 from $158,000 the previous year. The company said the decrease resulted from recent changes in the tax laws that reduced its credit for prior losses to $22,000 from $61,000 last year. Revenues for the six-month period rose 40% to $5 million from $3.
August 20, 1987
The Admar Group Inc. of Orange said it has acquired one of its principal competitors, SelectCare Management Co. Inc. of Torrance, for $400,000 in cash and 3.5 million shares of Admar stock valued at $3.2 million. Admar, which reported sales of $7.7 million in the fiscal year ended Jan. 31, and SelectCare, a private company with 1986 sales of $1.5 million, administer "preferred provider" programs to employees of participating companies. Roger E.
December 23, 1986
The Admar Group Inc. said net earnings for its fiscal 1987 third quarter, ended Oct. 31, increased 214% to $195,000 from $62,000 a year earlier. Citing its rapid expansion during the year, the Orange-based health care company said fiscal third-quarter revenues increased 135% to $2.3 million from $976,000 for the third quarter of its fiscal 1986. For the first nine months, Admar said, net earnings rose 183% to $533,000 from the year-earlier figure of $188,000. Revenues totaled $6.
May 26, 1991
The following is a list of the highest-paid executives of companies headquartered in Orange County. It is taken from The Times' annual executive compensation survey of California's largest publicly held companies. Rank Name Company Title 1. Emil P. Martini Jr. Bergen Brunswig Corp. COB/ CONS 2. Vincent L. Kontny Fluor Corp. COO/ SO 3. Christopher C. Gibbs J M Peters Company Inc. EVP/ COO 4. Gerald M. Glenn Fluor Corp. GPP 5. David S. Tappan Jr. Fluor Corp. COB 6. Leslie G. McCraw Fluor Corp.