Perry Morris Corp., Newport Beach, reported net...

Perry Morris Corp., Newport Beach, reported net income of $972,687 for the fiscal year ended Nov. 30, 1987, a 15% increase from the $845,802 posted last year. Sales for the equipment leasing company rose 11% to $7.6 million from $6.8 million in fiscal 1986. Net income for the fiscal fourth quarter totaled $283,038, a 29% drop from the $400,456 reported a year ago. Revenue rose 24%, to $2.2 million from $1.8 million in the year-earlier fourth quarter.