Ropak Corp. Posts $392,000 Profit for Third Quarter After Loss in ’92
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Ropak Corp., the Fullerton maker of plastic packaging, coatings and agricultural materials, reported third-quarter earnings of $392,000, or 9 cents a share.
That contrasted with a year-earlier loss of $802,000, or 19 cents a share, which included a write-down from an equity investment of $1.7 million. Sales rose 14% to $29.7 million from $26 million.
Profit for the first nine months of the year was $1.7 million, or 38 cents a share, up 42% from $1.2 million recorded for the like 1992 period. Nine-month sales were up 7% to $81.6 million from $76.6 million.
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