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Brajdas Reports Sales Up, Profit Down in 3rd Quarter

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Brajdas Corp., a Woodland Hills distributor of electronic components, said its fiscal third-quarter profit tumbled 46% from a year earlier despite a 26% increase in sales.

In the three months that ended Nov. 30, Brajdas’ net income fell to $265,969, or 9 cents a share, from $489,986, or 17 cents a share, a year earlier. Sales climbed to $15.2 million from $12.1 million.

Brajdas blamed the earnings drop on lower profit margins for its semiconductors, which account for about 25% of the company’s total business. Brajdas also warned that the slump in semiconductors might continue through 1989 because of weaker demand and the unavailability of some products.

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For the first nine months of its fiscal year, Brajdas’ earnings rose to $1.95 million, or 66 cents a share, from $1.49 million, or 51 cents a share, a year earlier. Nine-month revenue jumped to $48.4 million from $34.6 million.

For detailed data and results of other companies, please see tables, Page 8.

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