Income Is Record $851,000 at Traditional Industries
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Traditional Industries, a Westlake Village firm that markets photographic supplies, reported that its net income rose 149% in the third quarter ended March 31 to a record $851,000, or 36 cents per share. Sales for the period were up 93% to $9.8 million.
For the nine months, net income was up 105% to $2.3 million, or 98 cents per share. Sales were up 68% to $25.3 million.
The company attributed its rapid growth to wider geographic expansion, mainly in rural areas.
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