California Dental Figures Show Slight Gain for Year
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California Dental Health Plan said its unaudited figures show a profit of $247,360 for the fiscal year ended March 31, up a scant 1.1% from the privately held company’s fiscal 1985 earnings of $244,662.
Revenue totaled $5.3 million, up 25.7% from the $4.2 million that Tustin-based California Dental reported for its 1985 fiscal year.
Company officials said the success of a product development program was the biggest factor in the jump in revenue. The company introduced four new products last year, including an indemnity dental plan and a vision policy.
Company officials say that California Dental is the nation’s third largest provider of prepaid dental plans for groups and individuals, with more than 90,000 customers enrolled.
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