Martin Lawrence Posts Annual Sales Jump of 78%
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Martin Lawrence Limited Editions Inc. reported net income for its first quarter ended March 31 of $153,000, or 4 cents a share, up 81% from the same period in 1985. Sales were up 78% from last year, to $2.1 million.
Martin Lawrence, a Van Nuys-based publisher of limited edition graphics, including silk screens and lithographs, distributes its products to art galleries and operates a chain of retail outlets.
The company attributed its improved performance largely to sales from four of its galleries that were not open in the first quarter of last year.
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