Calnetics’ 1st-Quarter Profit 56% Higher Than Last Year
Calnetics Corp., a Chatsworth maker of plastic components, posted a profit of $169,000 for the first fiscal quarter that ended Sept. 30, up 56% from $108,000 the same period the previous year. The profit was on record sales of $6.65 million, up 69% from $3.94 million the previous year.
The company attributed the gain to its acquisition in April of Agricultural Products Inc. and improved sales at its other subsidiaries.
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