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31% Profit Increase for Rohr

By CHRIS KRAUL
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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.

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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.”

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

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Chris Kraul

Chris Kraul covered South America for the Los Angeles Times from his base in Bogota, Colombia. He joined the paper in 1987 and was business editor of the San Diego edition until it closed in 1992. He then began covering the border and Mexican economies until his assignment to The Times’ Mexico City bureau in 2001. He reopened the paper’s Bogota bureau in 2006. He has also covered the wars in Afghanistan and Iraq. He is a graduate of the University of South Florida and also has been a reporter at the San Jose Mercury News, San Diego Union-Tribune and the San Diego Business Journal.

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