American Film Reports $156,000 Profit in Quarter

American Film Technologies Inc., a North Hollywood company that supplies animation production services and special effects to the television and motion picture industries, reported a $156,000 profit in its first quarter that ended March 31. A year earlier, American Film lost $2.89 million.

In its latest quarter, revenue totaled $3.13 million, up 86% from $1.68 million in 1991’s first quarter.

The company attributed the gains to growth in its film coloring and animation businesses.

American Film Technologies also said its founder and chairman, George Jensen, has resigned to pursue other business opportunities. Joseph Taritero, president and chief executive, has assumed the additional post of chairman.