Panavision’s Profit Doubles, Sales Climb
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Panavision Inc. saw its net income more than double in its first quarter while its revenues climbed by 24%.
The Woodland Hills-based camera equipment concern posted net income of $3.5 million in the quarter that ended March 31, compared to $1.2 million in the same period a year earlier.
Revenues in the latest quarter rose to $31.2 million, up from $25.2 million.
The company attributed its improved results in part to its acquisition of Lee Lighting last July.
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