SCM Corp. reported that its second-quarter profit...
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SCM Corp. reported that its second-quarter profit rose sharply from a year earlier, despite costs related to its unsuccessful bid to avoid a takeover by Hanson Trust PLC of Britain. SCM, a New York-based chemical, typewriter and food-products concern, said net income for the quarter ended Dec. 31 climbed to $2.62 million from $258,000 a year earlier. A turnaround in sales of Smith-Corona typewriters was the key contributor to SCM’s results in the latest quarter, the company said.
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