Warner Center Bank Profit Soars

Warner Center Bank of Woodland Hills reported profits of $232,000, or 33 cents a share, for its second quarter, which ended June 30. That is an increase of 91% over the same period a year ago.

For the six months ended June 30, profits advanced to $395,000, or 56 cents, up 74% over the corresponding 1984 period. The figures reflect a $113,000 federal income tax credit from increased lending activities, according to bank officials.

Total assets on June 30 were $44.6 million, up nearly 4% for the quarter. Total deposits were $40.2 million, also up 4% for the quarter.

California Amplifier’s Sales Show Sharp Drop

California Amplifier Inc. reported sales of $2.9 million for its first quarter, which ended May 31, down 52% from the corresponding period a year ago. Net loss for the period was $246,000, or 7 cents a share, contrasted with a net income for the corresponding quarter in 1984 of more than $1 million, or 30 cents.

During its fiscal year ended Feb. 28, the company had sales of nearly $19 million, up 26% over the previous year. The company showed a net loss for the year of $634,000, or 18 cents a share, against profits of $2.4 million, or 81 cents, for the previous year.

California Amplifier, based in Camarillo, manufactures low-noise microwave amplifiers and other products used to receive signals from satellite communication systems.

For details and reports of other companies, see tables on Page 17.