PMT Services Inc. said net income for the quarter ended April 30, the third of its fiscal year, rose 92.5%, to $3.7 million.

Clay Whitson, PMT s chief financial officer, called the earnings on target.

PMT also said it has acquired an independent service organization with 1,300 merchant clients located primarily on the West Coast and in the Rocky Mountain region. It has signed an agreement to buy Ladco Financial Group, Los Angeles, for $22.5 million. That company deploys and leases credit card terminals to small businesses.

PMT, with 133,000 merchants, said it has made 12 acquisitions and added 43,800 new merchant accounts in fiscal 1997.

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