Brajdas Reports Sales Up, Profit Down in 3rd Quarter

Brajdas Corp., a Woodland Hills distributor of electronic components, said its fiscal third-quarter profit tumbled 46% from a year earlier despite a 26% increase in sales.

In the three months that ended Nov. 30, Brajdas’ net income fell to $265,969, or 9 cents a share, from $489,986, or 17 cents a share, a year earlier. Sales climbed to $15.2 million from $12.1 million.

Brajdas blamed the earnings drop on lower profit margins for its semiconductors, which account for about 25% of the company’s total business. Brajdas also warned that the slump in semiconductors might continue through 1989 because of weaker demand and the unavailability of some products.

For the first nine months of its fiscal year, Brajdas’ earnings rose to $1.95 million, or 66 cents a share, from $1.49 million, or 51 cents a share, a year earlier. Nine-month revenue jumped to $48.4 million from $34.6 million.

For detailed data and results of other companies, please see tables, Page 8.