Rexhall Posts Decline in Quarterly Profit to $457,000
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Rexhall Industries Inc., a Santa Clarita-based maker of recreational vehicles, reported that its earnings fell 12% in the first quarter to $457,000, down from $520,000 a year ago. Revenues for the quarter ended March 31 were $15.3 million, up 48% from $10.4 million a year earlier.
The company said the decline in earnings was due in part to the cost of improvements in its Aerbus and Rexair products.
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