HTP’s Quarterly Profit Up 47%

HTP International, an Anaheim-based home entertainment company, posted a 47% increase in profit for its second fiscal quarter. Earnings for the period ended Dec. 31 were $971,453, or 10 cents a share, up from $662,650, or 13 cents a share, for the same period a year earlier. Sales rose 15% to $9.3 million from $8.1 million. For the first six months of its fiscal year, the company said, its profit doubled to $2 million, or 21 cents share, from $1 million, or 24 cents a share, for the same period a year earlier. Six-month sales increased 33% to $20.6 million from $15.5 million.