HTP International Reports Higher Profits

HTP International of Anaheim, formerly Home Theater Products International, posted a profit of $2.7 million, or 43 cents a share, for its fiscal year ended June 30. That compared to earnings of $357,249, or 14 cents a share, for the same period a year earlier. Revenue more than doubled to $36.4 million from $16.8 million. For the fourth quarter, profit rose to $687,007, or 7 cents a share, from $155,505, or 6 cents a share, for the previous year’s fourth quarter. Three-month revenue increased 46% to $9.7 million from $6.7 million.