Certron Loses $112,000 in 2nd Quarter
Certron Corp., an Anaheim manufacturer of audio recording tapes and floppy disks, lost $112,000 in the second quarter of fiscal 1985 ending April 30, compared to a profit of $118,000 for the same period last year.
Sales of $6.2 million for the quarter were down 20% from the second quarter of 1984, which had sales of $7.8 million.
The loss was attributed to a drop in sales to the Xerox Corp. because of a reduction in demand.
For the six-month period ending April 30, Certron lost $207,000, compared to a profit of $157,000 for the same period in 1984. First-half sales totaled $12.3 million, down 12% from $14 million for the same period a year earlier.
Newport Corp. Reports 14% Gain in Net Income
Newport Corp. said Monday that net income for its fiscal 1985 third quarter rose 14% to $2.01 million from $1.83 million reported a year ago.
The Fountain Valley manufacturer of laser components said its sales for the quarter ended April 30 increased 37% to $9.8 million from $7.2 million for the same period a year earlier.
For the first nine months of its fiscal 1985, Newport Corp. reported net income of $5.8 million, up 22% from $4.7 million for the same period one year ago. Sales for the nine-month period increased to 40% to $27 million from $19.3 million the year before.
Walter J. Ludt III, the company’s vice president, said he expects the company’s growth to continue in the fourth quarter.