Releasing its second quarter figures for the three months that ended Dec. 31, NAPCO announced it had a net profit of $1.5 million compared to $872,000 for the same quarter a year ago — a 70-percent gain. Revenues were up a more modest 8 percent for the second quarter to $17.2 million. Among the contributing factors NAPCO credits with its substantial hike in earnings are improvements to its distribution network, a shift in the product mix toward the commercial/industrial and government markets, and several product introductions, including the “Freedom” code-free alarm system. During the past six months, NAPCO’s earnings have gone up 66 percent while sales are up 7 percent.
Category:
ArticlesAlarm ManufacturerS Profits Up 70 Per Cent
Previous article
Next article
AUTHOR
SEN Newshttps://sen.news
Security & Electronics Networks - Leading the Security Industry with News and Latest Events. Providing information and pre-release updates on the latest tech and bringing it all to you daily. SEN News has been in print for over 20 years and has grown strong as a worldwide resource in digital media.
TODAYS WEATHER
18.9
C
Sydney
13.3
C
Canberra
25.8
C
Darwin
10.7
C
Hobart
20.9
C
Perth
23.1
C
Brisbane
14.4
C
Auckland
14.3
C
Melbourne
RECOMMENDED
- Advertisement -
