Agoura Hills Photo Firm Sets Record in 4th Quarter
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Traditional Industries of Agoura Hills reported record sales and earnings for its fourth quarter and fiscal year ended June 30. For the year, the photographic equipment firm reported that its net income more than doubled, to $3.1 million, or $1.34 per share, from the previous year on a 70% increase in sales, to $35.8 million.
In the fourth quarter, net income more than doubled, to $854,000, or 36 cents a share, as sales climbed by 78%, to $10.5 million.
Chairman Arland D. Dunn said sales continue to be strong, and he expects another year of record profits in 1988.
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