Dense-Pac Microsystems Inc. reported net income of...

Dense-Pac Microsystems Inc. reported net income of $101,504 for its first quarter ended May 27, less than half the $241,060 posted for the comparable quarter last year. Sales for the quarter were the highest quarterly sales in the company’s history, rising 12% to $2.1 million from $1.8 million. The company said the profit decline was attributable to lower margins in several contracts and costs associated with terminated merger discussions. Dense-Pac, based in Garden Grove, manufactures computer memory devices.