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31% Profit Increase for Rohr

Rohr Industries reported a 31% increase in profit and 27% jump in sales for the fourth quarter ended July 31.

The Chula Vista-based jet engine component manufacturer posted a profit of $9.2 million on sales of $253.4 million for the fourth quarter, up from a profit of $7 million on sales of $200.3 million over the same three months last year.

For the fiscal year ended July 31, Rohr’s profit of $32.5 million was up 21% from the previous year’s $26.9 million. Fiscal 1988 sales were $906.8 million, up 37% over last year’s $663.4 million.

Thomas O. Lloyd-Butler, an analyst with Montgomery Securities of San Francisco, said the results show Rohr’s “continued strength in volume, almost in line with projections.”

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“The only weakness in the results was reflected in continued pressure on profit margins,” Lloyd-Butler said.


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