Fremont Posts Gain on Financial Services; WC Down

Fremont General Corporation (NYSE: FMT) (the 'Company') reported net income of $14,813,000 for the second quarter of 2001. This was comprised of net income from continuing operations of $14,284,000 and an after tax gain on the extinguishment of debt of $529,000. On a per share basis, the Company reports basic and diluted net income per share from continuing operations of $.22 and $.20, respectively, for the quarter ended June 30, 2001, as compared to $.19 and $.17, respectively, for the first quarter of 2001. The extinguishment of debt resulted in an after tax gain of $.01 per share on both a ...