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PIONEER FINANCIAL SERVICES INC. said fourth-quarter net income rose 64 percent, to $4.6 million, or 61 cents a share, from $2.8 million, or 44 cents a share, a year earlier. Revenues rose 50 percent, to $106 million from $70.7 million.
For the year, net income climbed 48 percent, to $15.5 million, or $2.22 a share, from $10.5 million, or $1.63 a share, in 1988. Revenues rose 53 percent, to $374 million from $244 million.
