Incomnet Reports Income, Revenue Up in 1st Quarter

Incomnet Inc., a Woodland Hills operator of a computerized auto-parts trading network, said its first-quarter net income jumped 64% from a year earlier on a 10% increase in revenue.

In the quarter that ended March 31, Incomnet’s profit rose to $154,808 from $94,543 a year earlier, and its revenue climbed to $524,877 from $477,316.