Electro Rent’s Profit Rises 7% in 1st Quarter
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Electro Rent Corp. reported net income of $7 million for its first quarter of fiscal year 1998, up 7% from $6.5 million a year ago.
The Van Nuys computer leasing company reported sales for the period ended Aug. 31 of $39 million, up 2% from $38.1 million a year earlier.
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