Advertisement

Incomnet Narrows Loss to $836,000 for Quarter

Share

Incomnet reported a narrowed second-quarter loss of $836,000, or 11 cents a share, on sales that rose 127%, to $822,000.

During the same quarter last year, the company lost $1.1 million, or 16 cents a share. Incomnet said the loss declined because of cost cutting and higher revenue. Sales climbed mainly because of a new contract with Pacific Bell that accounted for about $435,000 of second-quarter revenue.

Westlake Village-based Incomnet makes software and hardware for microcomputer networks. For the six months ended June 30, the company lost $1.6 million, or 22 cents a share, on sales of $1.5 million. In the first six months of 1985, Incomnet lost $2.2 million, or 31 cents a share, on sales of $730,000.

Advertisement
Advertisement