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HomeArticlesAlarm ManufacturerS Profits Up 70 Per Cent

Alarm ManufacturerS Profits Up 70 Per Cent

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.

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