Advertisement
YOU ARE HERE: LAT HomeCollections

BRIEFLY

Orange County

January 01, 1994|From Times Staff and Wire Reports

PCC's Group Earnings Plunge: PCC Group Inc., the Brea maker and distributor of computer and video equipment, posted a profit of $137,000, or 1 cent a share, for its latest fiscal year. That was down sharply from earnings of $1.4 million, or 53 cents a share, for the previous 12 months. Revenue for the year ended Sept. 30 was $75.1 million, down from $91.8 million for fiscal 1992. For the fourth quarter, the company lost $256,000, or 13 cents a share, contrasted with a profit of $162,000, or 5 cents, for the same period a year earlier. Three-month revenue fell 42% to $13.1 million from $22.7 million. The company blamed the declines in annual revenue and earnings on restructuring charges, lower margins and an unpaid insurance claim after a robbery in February.

Advertisement
Los Angeles Times Articles
|
|
|