Harmony Holdings Posts Profit for 3rd Quarter

Harmony Holdings Inc., a producer of television commercials, reported a profit in its fiscal third quarter ended March 31 and a narrower loss in the latest nine-month period, which the company attributed to its expanded sales and marketing efforts.

Harmony’s third-quarter profit was $225,557, contrasted with a year-earlier loss of $349,075. Revenue was $5.34 million, more than double the $2.35 million in revenue in the third quarter of fiscal 1991.

The company’s nine-month loss was $46,741, compared to a loss of $822,446 a year before. Revenue increased 70% to $13.5 million from $7.94 million.