Morehouse Reports 19% Increase in Profits

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.