Micropolis Profit Drops 55% in 1st Quarter
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Micropolis Corp. in Chatsworth reported a 55% plunge in profits on a 5% drop in revenue in its fiscal first quarter that ended March 27. The struggling maker of computer data-storage products said its first-quarter net income was $2.76 million, down from $6.13 million a year earlier.
Its revenue fell to $98.3 million from $103.6 million.
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