Sierracin Reports Profit Doubled in 4th Quarter

Sierracin Corp. in Sylmar said that its fourth-quarter profit more than doubled from a year earlier and that its full-year 1988 earnings rose 54%.

The company, which principally builds cockpit windows and other equipment for the aircraft industry, said profit for the quarter that ended Dec. 31 climbed to $1.22 million from $530,000, and revenue rose to $21.1 million from $17.9 million.

Sierracin said its quarterly profit would have been higher had it not been for cost overruns on certain contracts and other operating cost increases.

For the full year, Sierracin’s net income rose to $3.12 million from $2.03 million, and its annual revenue increased to $82.7 million from $72.8 million.

Last week, company Chairman Christoph Tribble and some other executives said they were considering making an offer to buy the company.