ORANGE COUNTY EARNINGS
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Long Beach Financial Corp.: The Orange-based holding company for Long Beach Mortgage Co. reported that fourth quarter net income grew to $7.3 million, or 28 cents a share, from $1.9 million, for the corresponding period last year. The company’s initial public offering was May 2, 1997. For the year, net income rose to $24.6 million, or 94 cents a share, from $9.4 million for 1996.
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