Certron Corp.: The Anaheim-based manufacturer of audio...
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Certron Corp.: The Anaheim-based manufacturer of audio recording tapes and distributor of video cassettes and floppy disks posted a third-quarter loss of $544,000, contrasted with net earnings of $45,000 for the year earlier period. Sales for the quarter ended July 31 declined 49%, to $4 million from $7.9 million. For the nine month period, the company lost $1.3 million, contrasted with net earnings of $233,000 a year ago. Sales fell 41%, to $13.8 million from $23.4 million. Certron said the general softening of the economy has caused a decrease in video cassette sales during the current year, and contract manufacturing sales were also off from third quarter of last year.
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