St. Ives’ 2nd-Quarter Profit Increases to $703,000
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St. Ives Laboratories Inc., a Chatsworth-based maker of shampoo and other personal care items, said its profits more than doubled for the second quarter ending June 30.
Profits increased to $703,000, compared to $280,000 during the second quarter in 1994. Sales decreased slightly to $42.4 million, down from $42.7 million during the same period a year earlier.
In the second quarter of 1994, its results were influenced by an after-tax charge of $627,000 for a loss on the sale of land located in Ontario, Calif.
For the latest six-month period, profits rose 30% to $1 million, up from $768,000 during the same period in 1994. Sales increased slightly to $81.4 million, compared to $81 million during the first six months of 1994.
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