Research, Development Costs Take Bite at Semco
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Citing higher research and development outlays, Semco Instruments reported 7% lower earnings of $421,000, or 10 cents a share, in 1986. Earnings a year ago were $451,000, or 11 cents.
Sales fell 11% in 1986, to $3.4 million.
Semco attributed the lower earnings to research and development spending of $724,000 during 1986, which was 45% higher than in 1985. Those increased outlays were spent developing a new aircraft-engine device that the company said should be useful in engine maintenance.
Based in North Hollywood, Semco makes sensing devices for aircraft, including one that monitors engine heat.
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