Morehouse Reports 19% Increase in Profits
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Morehouse Industries Inc., the Fullerton manufacturer of industrial equipment and engineered products, reported a profit of $713,000, or 17 cents a share, for its fiscal year ended Aug. 31.
That was up 19% from earnings of $598,000, or 15 cents a share, for the previous 12 months. Sales increased 29% to $9.8 million from $7.6 million.
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