Incomnet Phone Service Calls in Record Profits

Incomnet Inc., a Woodland Hills reseller of long-distance telephone service, reported record profits and sales for the second quarter that ended June 30. The profit of $1.5 million was 55% higher than last year’s second-quarter profit of $970,429. Revenues of $20.6 million were roughly double last year’s revenues for the same period.

For the six months that ended June 30, the profit was $2.9 million, up 81% from $1.6 million for the same period last year. Revenues for the period were $39.5 million, up from $17.9 million last year.

The company attributed the record second-quarter results to a rapidly expanding customer base.