Rexhall Industries’ Profit Slips 4% to $492,000
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Rexhall Industries Inc., a Santa Clarita maker of mobile homes, said its profit in the third quarter that ended Sept. 30 was $492,000, down 4% from $513,000 a year earlier. Sales were $15.5 million, up 11% from $14.02 million in the third quarter last year.
For the first nine months of 1995, the profit was $1.58 million, up slightly from $1.57 million in the same period of 1994. Sales for the nine months were $46.07 million, up 28% from $35.93 million a year ago.
The company said the results were affected by price cuts instituted for some dealers in the third quarter to increase market share.
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