Sale of Divisions Lowers Losses at SFE Technologies

SFE Technologies cut its losses in the fourth quarter ended Oct. 31 to $2.3 million, or 35 cents a share, compared to $6.7 million, or $1.07 a share, a year earlier. Sales fell 7.7% to $9.6 million from $10.4 million in the same period a year earlier.

The San Fernando-based electronics company said the sale of several of its divisions last year accounted for the narrower losses and lower revenue.

For the fiscal year ended Oct. 31, the company reported a loss of $5.6 million, or 86 cents a share, compared with a loss of $15.9 million, or $2.53 cents a share, a year earlier. Sales fell 7.5% to $39.5 million.

For detailed data and results of other companies, please see tables, Page 11.