Feeling the financial pinch of expansion, including the startup costs of a new plant, Ropak West Inc., announced Friday a 15% fourth-quarter earnings drop and a 25% earnings decline for its 1984 fiscal year.
The Fullerton-based producer of plastic shipping pails reported net income of $119,428 for the fourth quarter ended Dec. 31, 1984, compared to net income of $140,344 during the same period the year before. For the 1984 fiscal year, the company reported net income of $577,154, down from $769,031 in 1983.
At the same time, the company reported record revenues for the fourth quarter and fiscal year. Fourth-quarter revenues rose 19%, to $3.7 million from $3.1 million for the year-earlier period. Revenues for the fiscal year jumped 22%, to $14.7 million from $12.1 million.