Calnetics Posts 10% Hike in 4th-Quarter Income
Calnetics Corp. posted net income of $727,000 for its fourth quarter, up 10% from $661,000 a year earlier.
The Chatsworth-based company’s revenues for the period ended June 30 were $10.3 million, a 6% increase over $9.7 million in 1996.
For the fiscal year, Calnetics Corp. posted an 18% jump in net income on a 4% rise in sales. Calnetics reported $2 million in income compared with $1.7-million income a year ago. Revenue for the year was $36.6 million, up from $35.2 million a year earlier.
Calnetics manufactures components and fittings used in industrial plastics and building materials.
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