Pollution Research Profit Falls 26% From Year Ago
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Pollution Research & Control Corp. said its second-quarter profit fell 26% from a year earlier despite a 23% increase in revenue.
The Glendale-based maker of pollution-monitoring equipment said net income in the quarter ended June 30 fell to $114,000 from $154,000 a year earlier, while its revenue climbed to $1.58 million from $1.28 million.
Certain one-time costs, such as legal expenses related to a securities registration statement, led to the lower earnings, the company said.
For the first half of 1992, Pollution Research & Control’s profit rose 36%, to $353,000 from $260,000, and its six-month revenue climbed 30%, to $3.33 million from $2.57 million.
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