Limited Editions Posts Profit as Sales Spurt
Martin Lawrence Limited Editions Inc. reported sales for its fourth quarter ended Dec. 31 of $1.7 million, up 82% from the corresponding period in 1984. The company also reported a profit for the quarter of $48,115, or 1 cent a share, a turnaround from a loss during the same period a year earlier of $144,210, or 4 cents a share.
Sales for the year rose 61%, to $6.0 million. Net income for 1985 was up more than tenfold, to $265,742, or 6 cents a share.
Martin Lawrence, a Van Nuys-based publisher of limited edition graphics, including silk screens, lithographs and etchings, distributes its products to art galleries and operates its own retail outlets. The company attributed its improved performance in part to increased business at its own outlets.