Research, Development Costs Take Bite at Semco
- Share via
Citing higher research and development outlays, Semco Instruments reported 7% lower earnings of $421,000, or 10 cents a share, in 1986. Earnings a year ago were $451,000, or 11 cents.
Sales fell 11% in 1986, to $3.4 million.
Semco attributed the lower earnings to research and development spending of $724,000 during 1986, which was 45% higher than in 1985. Those increased outlays were spent developing a new aircraft-engine device that the company said should be useful in engine maintenance.
Based in North Hollywood, Semco makes sensing devices for aircraft, including one that monitors engine heat.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
