Martin Lawrence Profit, Sales Double in Quarter

Martin Lawrence Limited Editions, which operates a chain of art galleries, said its second-quarter profit and revenue more than doubled from a year earlier.

Net income jumped to $755,000, or 14 cents a share, from $279,000, or 7 cents a share, a year earlier. Revenue climbed to $6 million from $2.9 million.

First-half 1987 earnings at Martin Lawrence, which is based in Van Nuys, soared to $1.3 million, or 25 cents a share, from $432,000, or 10 cents a share, a year earlier. Six-month revenue rose to $10.6 million from $5 million.