2nd-Quarter Earnings Flat for St. Ives Laboratories
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St. Ives Laboratories, a Chatsworth producer of shampoos and other personal-care products, said its second-quarter profit was $1.53 million, virtually unchanged from a year earlier.
The company’s sales in the quarter that ended June 30 edged up 3%, to $28.7 million from $27.9 million a year earlier.
For the first half of 1989, St. Ives’ profit climbed 10%, to $3.12 million from $2.84 million in the comparable year-earlier period. Six-month sales rose 10% to $58.2 million from $52.6 million.
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