Life Partners Holdings Inc. has produced a sharp increase in earnings for its latest fiscal quarter.
Life Partners, Waco, Texas, a publicly traded life settlement company, is reporting $7.3 million in net income on $28 million in revenue for the quarter, which ended Nov. 30, up from $5.2 million in net income on $19 million in revenue for the comparable quarter in 2007.
The company, founded in 1991, also reports that it has met the requirements to move its common stock to the NASDAQ Global Select Market.
Life Partners stock has been trading on the OTC Market since 2000.
The company’s stock symbol will continue to be LPHI.