Dense-Pac Microsystems Inc.: The Garden Grove manufacturer...

Dense-Pac Microsystems Inc.: The Garden Grove manufacturer of memory subsystems posted a profit of $1 million, or 7 cents a share, for its latest fiscal year. That contrasted with a loss of $265,000, or 3 cents a share, for the previous 12 months. Revenue for the year ended Feb. 28 increased 53% to $11.2 million from $7.3 million. For the fourth quarter, profit totaled $307,000, or 2 cents a share, which included an income-tax credit of $278,200 from an accounting change. That contrasted with a loss of $122,000, or 1 cent a share, for the corresponding period last year. Three-month revenue rose 88% to $3.2 million from $1.7 million.