Scan-Tron Corp. Reports 44% Gain in Net Income

Scan-Tron Corp. reported net income of $607,000 for its fiscal 1987 third quarter ended March 31, a 44% gain from net income of $421,000 for the comparable period a year earlier.

Sales for the quarter totaled $6.4 million, up 13% from sales of $5.7 million for the same period a year ago.

For the nine months, Scan-Tron reported net income of $1.9 million on sales of $19.7 million compared to net income of $1.6 million on sales of $17.9 million.

The Tustin-based maker of test equipment and test forms attributed the gain to “better-than-planned” income both from its new printing plant in Puerto Rico and from the company’s joint venture in Europe, Datascan Co.

Although the company declined to predict results for either its fourth quarter or the fiscal year, it did say that investments in its operations in California, Puerto Rico and Europe should result in “significant” improvements in the future. In addition, the company said earlier this year that it expects to benefit from changes in the tax laws in the coming fiscal year.