The Franchise group is selling Liberty to NextPoint Acquisition, which is also buying Loan Me and will combine the operations. Liberty's operating income rose to $42.1 million from $25.6 million while revenue rose to $76.5 million from $89.6 million. The company made no comments on the operations and no statistics about tax returns prepared were included.. However, the move of the tax deadline to May 15 from April 15 has shifted revenue for companies from one quarter to another.
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Liberty Tax Revenue Falls, Profit Rises
Liberty Tax has reported a 64.9-percent on 14.6-percent drop in revenue for the first quarter ended March 31. The numbers were reported this week as discontinued operations by the parent the Franchise Group.