2nd-Quarter Net Up 36% at All American Gourmet Co.

The All American Gourmet Co. Monday reported a 36% year-to-year gain in second-quarter net income to $1.5 million from $1.1 million. The 1985 results include a one-time tax gain of $187,000. The Orange-based maker of frozen dinners said revenue during the quarter ended July 13 was $39.1 million, up 118% from $17.9 million.

For the first half, All American posted net earnings of $1.7 million, off 29% from $2.4 million a year earlier. However, the 1985 net earnings included a one-time tax gain of $634,000. Revenue during the first half climbed 92% to $69.7 million from $36.2 million.