-Electro Rent Corp.

reported net income of $6.9 million (27 cents per diluted share) for the third quarter ended Feb. 28, compared with $3.3 million (13 cents) for the like period a year earlier. Revenue for the Van Nuys-based company rose 22 percent to $28.8 million.

–


Worldwide Restaurant Concepts Inc.

reported preliminary third-quarter net income of $3.9 million (14 cents per diluted share), compared with a loss of $687,000 (4 cents) for the like period a year earlier. Revenue for the quarter ended Feb. 28 rose 4.9 percent to $110.3 million.

Worldwide Restaurant Concepts’ results are preliminary because the company filed a request on March 21 to delay its official third-quarter fiscal year release and Form 10-Q due to an ongoing review of its lease accounting procedures. There will likely be adjustments to third-quarter results after the review is done. The company said it expects the year-to-date impact to net income to be no more than 3 cents per diluted share.

The Sherman Oaks-based operator and franchiser of Sizzler, KFC and Pat & Oscar’ restaurants said the 4.9 percent rise in third-quarter revenues reflected a 4.4 percent increase in same-store sales across all of its brands.

–


Hemacare Corp.

, an L.A.-based blood products and services provider, reported fourth-quarter net income of $336,000 (4 cents per diluted share), compared with $264,000 (4 cents) for the like period a year earlier. Revenue for the quarter ended Dec. 31 rose to $6.9 million from $6.6 million in the comparable period of the prior year.

–


Computer Sciences Corp.

said it has signed a five-year, $17.6 million contract with China Pacific Property Insurance Co., the second-largest property and casualty insurer in China with 26,000 employees and 1,700 offices throughout the country. Under the contract, CSC will replace China Pacific’s current system with its own Web-enabled insurance administration system. The deal strengthens CSC’s presence in China.

–


NetSol Technologies Inc.

has restated its financial results for fiscal 2004 and the first six months of fiscal 2005, resulting in a positive impact on net income. The Calabasas-based developer of proprietary software applications said it had determined that certain transactions in the financial statements had not been accounted for properly.

For the fiscal year ended June 30, the restatement of the balance sheet increased net shareholder’s equity to $7.4 million, from $7.1 million. The restatement also reduced the loss for the period to $2.5 million (32 cents a share), versus the previously stated net loss of $3 million (38 cents).

For the first six months of fiscal 2005 ended Dec. 31, the restatement of the balance sheet increased net shareholder’s equity to $11 million from $10.6 million. The restatement led to increased net income to $294,024, versus previously stated $78,692.