Incomnet Reports Loss of $419,277 in Quarter

Incomnet Inc., a Woodland Hills operator of computerized trading networks for the auto parts industry, said it lost $419,277 in the third quarter, despite a threefold growth in revenue, to $1.66 million from $466,556 a year earlier.

Incomnet attributed the loss, which compares with a profit of $139,308 in the third quarter of 1991, mainly to about $800,000 in losses resulting from its May acquisition of National Telephone Communications Inc. in Newport Beach for a total of $2 million.

For the nine months ended Sept. 30, the company posted a loss of $487,367 on revenue of $3.4 million, contrasted with a profit of $313,459 on revenue of $1.4 million a year earlier.