Advertisement
YOU ARE HERE: LAT HomeCollections

EARNINGS

Datum Reports Net Up 29% in Second Quarter

July 27, 1986

Datum Inc., an Anaheim-based manufacturer of precision frequency and timing instruments, said that second-quarter net earnings were $344,000, up 29.7% from $242,000. Sales for the quarter were $5.8 million, up 19% from $4.7 million.

Earnings for the first half totaled $563,000, up 14.4% from $482,000, with sales of $10.7 million up 15% from $9.1 million.

Benjamin Tarver, the company's chief financial officer, attributed the improvement to "good sales; our backlog has been up . . . . We've been anticipating this." He also said that the January purchase of Bancomm, a San Jose timing device company, helped boost total revenues.

Tarver said that the purchase of Spectrum Technologies Inc., which was completed June 27, did not affect the company's second-quarter revenues.

Tarver said that Spectrum, a frequency device maker which employs about 90 people in its Goleta plant, had revenues of about $4 million last year and $2.3 million the first half of this year.

Advertisement
Los Angeles Times Articles
|
|
|