Business Briefs: PFF Bancorp, Hanmi Financial, Superior Industries, Health Care Property Investors, China Digital Communication

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& #8226; PFF Bancorp Inc.

, a Pomona-based financial services company, reported net income of $6.1 million (21 cents per diluted share) for the fourth quarter ended March 31, compared with $4.3 million (15 cents) for the like period a year earlier.


Total assets rose to $3.9 billion from $3.7 billion in the comparable year-ago period. Wilshire Bancorp recorded a negative loan loss provision of $40,000 in the fourth quarter. Normally, banks add to their bad-loan reserves each quarter, but if the reserves are more than required, they can be decreased, resulting in a negative loan loss provision. In the year-ago period, the company had a loan loss provision of $300,000.



& #8226; Hanmi Financial Corp.

, the L.A.-based holding company for Hanmi Bank, reported net income of $13.3 million (27 cents per diluted share) for the first quarter ended March 31, compared with $6.4 million (22 cents) for the like period a year earlier.


Total assets rose to $3.1 billion from $1.8 billion in the comparable year-ago period. Hanmi recorded a provision for credit losses of $136,000 in the first quarter, compared with $900,000 in the year-ago period.



& #8226; Superior Industries International Inc.

, a Van Nuys -based auto parts manufacturer, reported net income of $8.9 million (34 cents per diluted share) for the first quarter ended March 31, compared with $13.7 million (51 cents) for the like period a year earlier. Revenue decreased to $211.9 million from $234.2 million in the year-ago period.



& #8226; Health Care Property Investors Inc.

plans to sell $200 million of 12-year bonds today. It will be the Long Beach-based real-estate investment trust’s biggest debt sale since it issued $200 million of 12-year notes in February 2003. UBS AG will manage the transaction.



& #8226; China Digital Communication Group

, a China-based battery shell manufacturer with U.S. headquarters in L.A., signed a contract worth $2.36 million with Gao Yi Electronics Co., Ltd. for the delivery of battery shells.

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