Traditional Industries Profit Rises 35% in Quarter

Traditional Industries in Agoura Hills said its fiscal third-quarter profit rose 35% from a year earlier, to $1.7 million from $1.26 million.

Traditional, which sells packages of photographic and video products to consumers, said the earnings gain came on a 30% jump in sales, to $15.9 million from $12.2 million.

The improvement stemmed in large part from the company’s recent acquisition of two photo processing facilities and an expansion of its independent sales force, Traditional said.

For the first nine months of its fiscal year, Traditional’s profit increased 25% to $4.66 million from $3.72 million. Nine-month sales also rose 25%, to $44.3 million from $35.5 million.