Life Partners Holdings Inc. says the first quarter of its fiscal year has been a good quarter.

Life Partners, Waco, Texas, has a fiscal year that starts March 1, and its first quarter ended May 31.

The life settlement company expects to report $7.8 million in net income for the first fiscal quarter on $27 million in revenue, up from $6.2 million in net income on $24 million in revenue for the first fiscal quarter of 2008.

Income should be up about 26%, and revenue up about 12%, Life Partners says.

The company plans to file its Form 10-Q quarterly report with the U.S. Securities and Exchange Commission around July 10.