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Standard Brands Paint Co.: 8.5 The Torrance-based...

From Times Staff and Wire Reports

Standard Brands Paint Co.: 8.5 The Torrance-based paint company reported a $3.7-million profit in fiscal 1989, down 23% from fiscal 1988. In the year ending Jan. 28, revenue totaled $314 million, up 3%. The firm said the results were affected by increased costs and heavy competitive pressures.

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