National Intergroup reported continuing improvement in operating...

National Intergroup reported continuing improvement in operating and net income for the company’s third quarter ended Dec. 31. Net income for Pittsburgh-based firm for the three months totaled $3.4 million, contrasted with a net loss of $7.1 million in 1986. Revenue declined to $743.6 million, compared to $1.1 billion in the previous year’s quarter, due to the sale in June, 1987, of a 55.3% limited partner’s interest in Permian Partners L.P. The company said the third-quarter results reflect continuing improvement in its wholesale drug distribution business and increased equity income from its 50% interest in National Steel.