Cimco Reports Profits Rose for 3rd Quarter

CIMCO, a Costa Mesa maker of thermoplastic components, said net profits for the third quarter of its fiscal 1987 rose 63% to $302,144 from $185,560 for the comparable period last year. Sales of $7.3 million were up 20% from $6.1 million the previous year.

Net earnings for the first nine months increased to $1.4 million, more than double the $577,612 profit reported for the first nine months of the company’s fiscal 1986. Revenue for the period of $24.9 million was up 37% from $18.2 million.