Hal Roach Studios Inc. of Los Angeles...

Hal Roach Studios Inc. of Los Angeles reported a profit of $436,817 from continuing operations for its fiscal year ended March 31, compared to a loss in 1986. However, as a result of charges from discontinued operations of $3.45 million, the company posted a net loss of $3.01 million. Charges for discontinued operations resulted from the sale of the company’s Singing Machine subsidiary and the sale and discontinuance of the company’s videocassette manufacturing and distribution operation.