Bishop Graphics, suffering from the downturn in...
Bishop Graphics, suffering from the downturn in the computer and electronics industries, said it lost $122,000, or 5 cents a share, in its third quarter ended June 30. In the same period a year earlier, it reported a profit of $113,000, or 5 cents a share.
The Westlake Village company, which sells drafting supplies used to make printed circuit boards, said its sales fell 13.4%, to $2.9 million.
For the record:
12:00 a.m. Aug. 20, 1986 FOR THE RECORD
Los Angeles Times Wednesday August 20, 1986 Valley Edition Business Part 4 Page 2 Column 6 Zones Desk 1 inches; 17 words Type of Material: Correction
Bishop Graphics lost $57,000 in the nine months ended June 30. The loss was misstated in Tuesday’s Valley Business section.
For the nine months ended June 30, Bishop Graphics lost $457,000, or 2 cents a share, down from a profit of $368,000, or 16 cents a share, a year earlier. Sales fell 8.6%, to $9.2 million.
Bishop Graphics said it has taken steps to cut labor costs, including dismissing eight employees in June. Earlier this month, the company announced that it had replaced Martin J. Salvin as chief executive with Richard M. Drysdale, a venture capitalist.
