Sunglasses Maker Oakley’s Sales and Profit Up Sharply

Oakley Inc. posted strong gains in net income and sales for 1995.

The Irvine designer and manufacturer of upscale sunglasses and goggles said net income rose 49% last year to $39.6 million, or $1.17 a share, from $26.6 million, or 82 cents a share, the previous year. Sales were up 39% to $172.8 million from $124 million.

The company, which went public last August, said fourth-quarter net income increased 59% to $9.2 million, or 26 cents a share, from $5.8 million, or 18 cents a share, for the comparable 1994 period. Sales rose 38% to $43 million from $31.2 million.