Pico Products Reports $95,483 Profit for Quarter

Pico Products Inc., a Lake View Terrace maker of security devices for pay television systems, reported a fiscal second-quarter profit of $95,483, compared with a year-earlier loss of $605,162.

The profit in the quarter that ended Jan. 31 came on a 37% increase in Pico Products’ sales, to $5.96 million from $4.36 million a year earlier. The company, which earned $187,197 in the first quarter of its current fiscal year, said it was the first time in four years that it had posted successive quarterly profits.

For the six months that ended Jan. 31, Pico Products earned $282,680, compared with a year-earlier loss of $996,814, and its six-month sales rose 30%, to $11.7 million from $8.98 million.