Incomnet Reports Profit of $23,757
Incomnet Inc., a Westlake Village company that runs a computerized network for auto junkyards, reported a $23,757 profit in the fourth quarter that ended Dec. 31, despite a 41% decline in revenue from a year earlier to $546,545. In fourth quarter of 1989, the company lost $156,688 on revenue of $919,528.
For the year that ended Dec. 31, Incomnet earned $337,175, a 47% increase from $228,766 in 1989. Revenues rose 4% to $2.8 million from $2.7 million.
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