Resdel Industries Earns $1.8 Million in Fiscal ’87

Resdel Industries, a Newport Beach-based electronics manufacturer, reported net earnings of $1.8 million for its fiscal 1987, up 5% from $1.7 million in the previous year. Sales for the fiscal year, which ended June 30, increased 20% to $17.1 million from $14.2 million last year.

Fourth-quarter net income was $406,000, down 12% from $461,000 in the year-earlier period. Sales for the quarter increased 26% to $4.4 million, contrasted with $3.5 million in the same period last year.