Wentex International said sale will mean profit.

The Garden Grove company predicted Friday its earnings may reach $1.4 million in 1984 because of the $1.62-million profit it made when it sold All Ohio Producing Properties Inc. The profit is in addition to the $1.8 million raised from the sale to help repay $4.4 million in loans from First Interstate Bank of California. Wentex had been in default on the loans since November. For the year ending Dec. 31, Wentex expects a $1.3-million to $1.4-million profit. Auditors already have approved treating the sale of the subsidiary, which operates about 100 oil wells in Ohio, and the loan settlement as 1984 transactions. Both occurred Jan. 11.