Pico Products Reports Best Quarterly Profit Since 1987
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Pico Products Inc., a Lake View Terrace maker of pay-television security devices and distributor of satellite antenna systems, reported a sharp increase in profits and revenue for its fiscal first quarter.
In the quarter that ended Oct. 31, the company posted a profit of $252,478 compared with a profit of $19,387 in the same period a year earlier. Revenue in the latest quarter were up 46% to $7.76 million, from $5.33 million. It was the company’s most profitable quarter since 1987.
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