Incomnet’s 3rd-Quarter Profit Increases 66%

Incomnet Inc., a Westlake Village company that operates a computer network for automobile junkyards, said its net income for the third quarter ended Sept. 30 jumped 66%, to $123,492 from $74,394 last year. The company said its total revenues for the period also rose 66%, to $697,140 from $420,103 a year before.

For the first nine months of 1990, the company had a net income of $313,418, 19% less than the same period of 1989 when the company enjoyed a $574,103 gain from the sale of securities. Incomnet’s revenues for the nine months increased 27%, to $2.29 million from $1.81 million a year before.