Printronix Posts Sharp Increase in Profit for Year

Printronix Inc., an Irvine manufacturer of computer printers, posted net income of $7.2 million, or $1.33 a share, for the fiscal year ended March 31. That compares with profit of $1.9 million, or 38 cents a share, for the previous year. Sales increased 37% to $146.6 million from $107.4 million. Fourth-quarter profit climbed to $2.3 million, or 43 cents a share, from $917,000, or 18 cents a share, for the corresponding quarter last year. Sales were up 35% to $41.2 million from $30.5 million.