Cimco Reports Loss of 52 Cents a Share

Cimco Inc., a Costa Mesa plastic components manufacturer, said it lost $1.5 million, or 52 cents a share, for the fiscal year ended April 30. That compares with a net loss of $1.2 million, or 41 cents a share, for the prior year. Sales increased 13% to $83.2 million from $73.9 million. For the fourth quarter, the net loss totaled $289,000, or 10 cents a share, compared with a net loss of $909,000, or 31 cents a share, for the corresponding period a year ago. Sales rose 24% to $23.6 million from $19 million.