Art Gallery Chain Reports Hefty 1st-Quarter Gain
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Martin Lawrence Limited Editions said its earnings more than doubled in the first quarter ended March 31 to $1.3 million, or 19 cents a share, from $553,000, or 11 cents a share, a year earlier.
Sales for the Van Nuys chain of art galleries rose 74% to $8 million from $4.6 million a year earlier. The company also had 21 galleries in the quarter, nine more than a year earlier.
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