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VALLEY EARNINGS

Traditional Industries Profit Rises 62% in Quarter

February 23, 1988

Traditional Industries said its profit rose 62% in the second quarter to $1.3 million, or 52 cents a share, as revenue climbed 49% to $12.7 million.

For the six months, the Agoura Hills company, which sells photo supplies and services, said its earnings rose 75% to $2.5 million as sales increased 56% to $24.2 million.

Richard E. Parrish, the company's chief financial officer, attributed the improved results to the company's expansion last year when it bought three companies and formed two other companies, including a video division.

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