Certron Corp. of Anaheim posted net earnings...
Certron Corp. of Anaheim posted net earnings of $105,000 for the second quarter ended April 30, more than double the $46,000 reported for the comparable period last year. Net sales rose 30%, to $8.2 million from $6.3 million. For the 6-month period, the company reported a profit of $188,000. For the first half last year, net earnings totaled $176,000, which included a $16,000 gain from a tax loss carry-forward. Sales increased 18%, to $15.5 million from $13.2 million. Certron manufactures audio recording tapes and floppy disks, distributes videocassettes to the consumer market, and manufactures and assembles products for other companies.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.