EMB Corp., parent of EMB Mortgage, reported a net profit of $6,339 for the quarter ended March 31.

The result amounts to virtually nothing per share. EMB lost 73 cents per share in its first fiscal year, which ended Sept. 30.

The year-and-a-half-old company reported a 442% increase in volume for the latest quarter, to $56.6 million.

EMB Mortgage specializes in originating home loans using computer and video-conferencing units. It currently has 34 such units, which are placed in real estate offices, builder sites, credit unions, and small banks.

The company reported it is now originating $30 million of loans per month.

EMB Mortgage is hoping to establishing limited partnerships with companies in France, London and Zurich, a spokesmen said.

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