Incomnet Profit Rebounds as Revenues Surge

Incomnet Inc., a Woodland Hills telecommunications company, reported a turnaround in performance for the third quarter, posting a profit of $122,004 versus a loss of $419,277 in the same period a year earlier.

Revenue for the quarter ended Sept. 30 surged 69% to $2.8 million, from $1.7 million a year earlier. The company said it expects continued revenue growth, especially in its telephone-related business.

For the nine months ended Sept. 30, Incomnet earned $176,826 on revenue of $7.54 million. That contrasts with a loss of $487,367 on revenue of $3.4 million a year earlier.