4th-Quarter Profit Falls 22% for National Technical
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National Technical Systems in Calabasas said its fiscal fourth-quarter profit fell 22% from a year earlier on a 21% decline in sales.
NTS, which provides testing and engineering services, said net income in the quarter that ended Jan. 31 dropped to $257,000 from $328,000, while sales fell to $7.23 million from $9.11 million.
The company noted that its latest net income was hindered in part by higher interest costs and income taxes compared with a year earlier.
For its full fiscal year, NTS profit slipped 3%, to $1.15 million from $1.19 million in fiscal 1988, and its sales rose 6% to $30.9 million from $29.1 million.
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