OroAmerica Inc.’s Earnings Rise in Third Quarter

OroAmerica Inc., a Burbank supplier of gold jewelry, reported that its fiscal third-quarter earnings rose by half over a year earlier.

In the three months ended Oct. 28, OroAmerica had a profit of $2.21 million, up 51% from its $1.47 million in earnings in the same quarter last year. Its net sales inched up 4%, to $64.6 million, from $62.2 million.

The company’s results for the third quarter a year ago included a $564,000 one-time charge from the early payment of debt.

For the nine months ended Oct. 28, the company’s net income fell 38%, to $2.98 million from $4.79 million. Net sales were $151.6 million, up 8% from $141 million.