Traditional Industries Reports 1st-Quarter Profit Gains of 17%
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Traditional Industries, an Agoura Hills provider of photographic services, said its fiscal first-quarter profit rose 17% from a year earlier on a 24% revenue gain.
Traditional’s net income for the 3 months that ended Sept. 30 climbed to $1.4 million, or 41 cents a share, from $1.2 million, or 37 cents a share, a year earlier. The per-share results reflect a 4-for-3 stock split effective June 29. Traditional’s revenue rose to $13.5 million from $10.9 million.
Traditional said its latest results would have been better except for a rise in interest rates relative to last year, which increased its costs.
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