Consumer Direct of America recorded a third quarter net profit of $33,823 on sales of $2.5 million. The Las Vegas-based mortgage consolidator recorded a $126,131 loss on sales of $2.8 million in third quarter 2002. The quarter ended Sept. 30. Consumer Direct attributed the revenue drop to its discontinuance of its direct marketing division’s “Telco” marketing activities. The earnings growth was spurred
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Consumer Direct of America recorded a third quarter net profit of $33,823 on sales of $2.5 million. The Las Vegas-based mortgage consolidator recorded a $126,131 loss on sales of $2.8 million in third quarter 2002. The quarter ended Sept. 30.
Consumer Direct attributed the revenue drop to its discontinuance of its direct marketing division’s “Telco” marketing activities. The earnings growth was spurred by higher productivity in loan originations, reduced operating costs and elimination and consolidation of several salaried positions.
