* Broad Inc. announced a 32% increase...

* Broad Inc. announced a 32% increase in third-quarter earnings per share, reporting net income of $17.3 million or 45 cents a share for the quarter ended June 30, 1992, compared to $10.8 million or 34 cents per share a year ago.

Chairman and Chief Executive Officer Eli Broad said the company experienced strong quarterly growth in sales. Third-quarter sales reached a new record of $807.4 million, up 22% from year-earlier sales of $662.6 million, primarily due to a 74% increase in sales of the company’s fee-based variable annuities and mutual funds. In keeping with this trend, quarterly fee income rose to $28.2 million from $24.4 million the prior year.

The Los Angeles-based firm’s third-quarter net investment income, at $52.5 million, also showed a significant increase, rising 40% from $37.5 million a year earlier.