Traditional Industries Shows Surge of 164%

Traditional Industries said its net income was up 164% on 65% higher revenue in its fourth quarter ended June 30, largely because of a recent acquisition.

The Westlake Village-based firm, which sells photographic supplies and photofinishing services, reported net income for the quarter of $421,910, or 21 cents a share, on revenue of $5.9 million.

For the fiscal year, Traditional Industries reported 93% higher net income on 57% higher revenue. Net income was $1.6 million, or $1.16 a share, on revenue of $21.0 million.

Traditional Industries, which in January acquired United Networks, a Baltimore photo service company, sells packages that typically include a camera, a photo album and discount coupons for film processing.