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Scan-Optics Announces First Quarter Results

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MANCHESTER, Conn., May 3 -- Scan-Optics, Inc. reported its fourteenth consecutive profitable quarter. Total revenues for the first quarter of 1999 were $13,232,000, up from recorded revenues of $12,892,000 in the comparable quarter of 1998. Net income for the quarter was $80,000, or $0.01 per diluted share, compared to $428,000 or $0.06 per diluted share for the same period last year. James C. Mavel, chairman, CEO and president of Scan-Optics, noted that the company continued to grow in three business units: Solutions; Maintenance Services; and Manufacturing Services. Mavel said that strong...Read full article

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    Published: May 1999
    industrialNews & Features

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