Napco Sales Up 20 Per Cent

NAPCO’s net income was up 20 percent for its second quarter that ended Dec. 31 to $US872 million and has been up more than 211 percent over the past six months. “Our business strategy of reallocating our burglar and fire alarm sales across our extensive national network of independent distributors has been well received and the revitalization of that segment of our business has taken hold,” said NAPCO Chairman and President Richard Soloway. “Our independent distributor network has done an outstanding job of reaching out to an expanding list of security dealers who focus on residential, commercial, industrial and governmental security installations, resulting in increased acceptance and sales of NAPCO alarm products.” NAPCO nearly halved its debt in its second quarter to $US4.4 million.