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Astro-Med reports increased profits, sales

4:55 PM Tue, May 20, 2008 |
By John Kostrzewa    Email this author |   Email this entry

Astro-Med Inc., based in West Warwick, today reported first quarter net income of $897,000, or 12 cents per diluted share, compared with $522,000, or 7 cents per diluted share, in the year ago period.

Sales were $18.7 million, up from $16.4 million in last year’s first quarter. Favorable foreign currency exchange rates added approximately $473,000 to this year’s first quarter sales.
Astro-Med (A LOT:Nasdaq) closed at 4 p.m. today at $10 a share, unchanged.

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