CorVel Corporation (CRVL) has reported a 5.35 percent rise in profit for the quarter ended Dec. 31, 2016. The company has earned $7.05 million, or $0.36 a share in the quarter, compared with $6.69 million, or $0.34 a share for the same period last year.
Revenue during the quarter grew 3.64 percent to $128.40 million from $123.89 million in the previous year period.
Total expenses move up marginally
Operating income for the quarter was $11.44 million, compared with $10.73 million in the previous year period.
Assets outpace liabilities growth
Total assets increased 8.76 percent or $19.14 million to $237.72 million on Dec. 31, 2016. On the other hand, total liabilities were at $94.72 million as on Dec. 31, 2016, up 4.65 percent or $4.20 million from year-ago.
Return on assets stood at 2.97 percent in the quarter, down 0.10 from 3.06 percent in the last year period. At the same time, return on equity was at 4.93 percent in the quarter, down 0.30 from 5.22 percent in the last year period.
Shareholders equity stood at $143 million as on Dec. 31, 2016, up 11.67 percent or $14.94 million from year-ago.
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