Cimco Reports Lower First-Quarter Income
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Cimco Inc., the Costa Mesa manufacturer of plastic components, reported that first-quarter net income declined to $107,000, or 4 cents a share, from $370,000, or 12 cents a share, for the like period last year.
Sales for the quarter ended July 31 rose 3%, from $18.8 million to $19.3 million.
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