Magma Power Co. reported $1.3 million in...

Magma Power Co. reported $1.3 million in net income and revenue that rose by 124% to $4.8 million for the fourth quarter ended 1987. The company reported a $2.6-million net loss during the previous fourth quarter.

Magma reported $5.4 million in net income and revenue that rose by 48% to $19 million for 1987. The company reported a $1.5-million net loss for 1986.