Traditional Industries’ 3rd-Quarter Profits Up 49%

Traditional Industries, an Agoura Hills provider of film processing and other photographic and videotape services, reported a 49% gain in its fiscal third-quarter profit on a 31% increase in revenue.

The company’s net income in the quarter ended March 31 rose to $1.26 million, or 52 cents a share, from $851,000, or 36 cents a share, a year earlier. Revenue jumped to $12.8 million from $9.79 million.

Richard E. Parris, Traditional’s chief financial officer, attributed the gains largely to the company’s recent acquisition of other photo-services firms.

For the first nine months of its fiscal year, Traditional’s earnings totaled $3.72 million, or $1.54 a share, up 65% from $2.25 million, or 98 cents a share, in the comparable 1987 period. Nine-month revenue climbed 46% to $37 million from $25.3 million.