1986 Net Reaches $628,233 for Bridgford Food Corp.

Bridgford Foods Corp., an Anaheim-based food-processing company, said it had net earnings of $628,233 for its 1986 fiscal year ended Oct. 31, contrasted with net earnings of $222,203 the prior year. Revenue for the fiscal year was $54.1 million, up 7% from the year-earlier $50.6 million.

The company said profitability continued into the first quarter of its current fiscal year, with net earnings of $365,309, contrasted with net earnings of $129,014 for the same period a year earlier. Revenue for the period ended Jan. 30 was $14.3 million, up 5% from $13.6 million for the comparable period a year ago.

The company also said that it declared a 10-cent cash dividend to shareholders on record as of April 15, payable on May 7. This is the first dividend the company has declared since its third fiscal quarter of 1985, when it declared a 3-cent dividend.