Sales Slide Intensifies for Pollution Research

Pollution Research and Control Corp. posted a net loss of $483,000 for its third quarter, compared with net income of $452,000 a year earlier.

The Glendale-based manufacturer of air pollution measurement instruments reported sales for the three months ended Sept. 30 of $1.2 million, down 59% from $2.9 million in 1996.

For the nine months, Pollution Research posted a net loss of $1.1 million, compared with net income of $933,000 in 1996, and sales of $5.7 million, down 11% from $6.4 million.

“As announced in August of this year, a decline in air pollution instrument awards has compounded an ongoing competitive price-pressure problem,” said Albert E. Gosselin Jr., president and CEO. “We have downsized over the past 12 months to adjust to ever-decreasing core business revenue levels, but the recent accelerated decrease in sales contributed to larger losses.”