million, from $59.7 million in the same quarter last year.
The rise on a per-share basis was from $1.25 to $1.72
The company reported the loss Monday and blamed it on poor performance by its consumer businesses. Also Monday it reported a noncash charge of $86.5 million related to home equity loans and the closing of some retail branches.
Amresco said Friday that it had sold nine commercial loans made to radio or television stations and used the proceeds to pay down bank debt.
The company also made a permanent reduction in its revolving line of credit following this sale. It said it expects its liquidity to stay at about $50 million.
The Dallas-based financial services and mortgage lending company has offices nationwide and in Canada, the United Kingdom, Mexico, and Asia.