Biospherics Inc., a Rockville environmental and pollution control products company, has reported record profits for 1977.
Earnings totaled $518,564 (71 cents a share) compared with $199,943 (28 cents) in the previous year. Sales rose to $2.9 million from $2.1 million.
In another development, Biospherics said it has negotiated a three-year, $400,000 unsecured line of credit with Maryland National Bank. The finding, for up to eight years, will be used in the development of pollution control and health products.
M.S. Ginn & Co., a Washington office products retailer and distributor, reported record profits in the six months ended Dec. 31 of $540,000 (82 cents a share) compared with $511,000 (79 cents) a year earlier. Sales rose to $18.7 million from $16.8 million.
Chairman M.S. Marshall said the recent gains were recorded despite initial losses for a new mail order division, which he said should be profitable by the beginning of the next fiscal year.
Directors approved a dividend of 5 cents a share, payable March 31 to stockholders of record March 17.
Radiation Systems Inc., an antenna manufacturer in McLean, reported profits of $240,000 (33 cents a share) in the six months ended Dec. 31 compared $278,000 (26 cents) a year earlier. Sales dipped to $1.7 million from $2.2 million.
President Harry Letaw Jr. said a current period of lower volume is expected to change after the quarter ended March 31, when negotiations for government contracts are completed.