Brajdas Corp. Shows 99% Drop in 1st-Quarter Profit

Brajdas Corp., a Woodland Hills distributor of electronic components, said its fiscal first-quarter profit plunged 99% from a year earlier on a 4% drop in sales.

In the three months that ended May 31, Brajdas’ net income dropped to $5,728 from $991,741 a year earlier while its sales slipped to $15.6 million from $16.3 million.

Brajdas blamed the results on slowing sales of semiconductors and other components, and a continuing erosion of pretax profit margins.