Quiksilver, a Costa Mesa surfwear manufacturer, posted...

Quiksilver, a Costa Mesa surfwear manufacturer, posted net income of $1.8 million for its second quarter ended April 30, a 63.6% increase from $1.1 million in the year-earlier quarter. Net sales for the period were $16.5 million, a 79% jump from $9.2 million posted a year earlier. For the six-month fiscal period, profits climbed 50% to $2.1 million from $1.4 million the year before. Net sales for the six months were $24.5 million, up 77.5% from the $13.8 million posted in the first six months of fiscal 1987. John C. Warner, chief executive officer, said Quiksilver’s improved operating performance for the six months was on target with the company’s goals for that period. “We’ve had an expanded product line with really good customer acceptance,” added Larry Crowe, chief financial officer. The results show a marked turnaround from the fiscal fourth quarter ended Oct. 31, 1987, when Quiksilver reported a net loss of $25,000.