Profits for Compact Disc Maker Down 21%

DCC Compact Classics Inc., a Northridge manufacturer of musical compact discs, restated its first-quarter financial results to show a 21% decline in its first-quarter profit.

The company previously reported that its first-quarter profit more than tripled from a year earlier. But after recalculating its net proceeds from a distribution agreement, DCC said its earnings fell to $38,345 in the three months that ended March 31, from a $48,779 profit in the first quarter of 1991.

Its revenue rose 53%, to $1.31 million, from $853,398.

DCC said its compact-disc sales continue to suffer from the sluggish economy, but it continues to position itself for a rebound by building its inventory of licensing rights.