CorVel Corporation (CRVL) has reported a 19.80 percent rise in profit for the quarter ended Mar. 31, 2017. The company has earned $7.99 million, or $0.42 a share in the quarter, compared with $6.67 million, or $0.34 a share for the same period last year. Revenue during the quarter grew 4.14 percent to $133.60 million from $128.29 million in the previous year period.
Total expenses move up marginally
Operating income for the quarter was $12.72 million, compared with $10.63 million in the previous year period. Total assets stood at $235.38million as on Mar. 31, 2017. On the other hand, total liabilities were at $96.74 million as on Mar. 31, 2017.
Return on assets was at 3.39 percent in the quarter. At the same time, return on equity was at 5.76 percent in the quarter.
Shareholders equity was at $138.65 million as on Mar. 31, 2017.
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