James River Corp., which manufacturers Northern bathroom tissue and napkins and Brawny paper towels, reported a 10 percent increase in second-quarter profits, to $30.1 million (86 cents per share) from $27.3 million (83 cents) in the same period of last year.
Second-quarter revenue increased to $639.2 million from $565.1 million for the comparable period last year.
For the first six months of its fiscal year, the Richmond company reported profits of $52.5 million ($1.51).
That figure represents an increase of 16 percent from $45.2 million ($1.43) in the first half of last year.
*VSE Corp. of Alexandria reported a 215 percent increase in third-quarter earnings, to $1.2 million (66 cents) from $380,000 (20 cents) in the same quarter of last year. Revenue rose to $18.2 million in the third period, from $13.4 million for the year before.
For the first nine months of the year, profits declined 62 percent to $1.3 million (67 cents) from $3.4 million ($2.06) the year before. Revenue for the nine-month period was $56.4 million this year, compared with $40 million last year.
VSE and its subsidiaries provide engineering, development, testing and management services.
VSE's results also reflect the market value of stock held by Metropolitan Capital Corp., its business investment company, a spokesman said.
*Hadron Inc. reported a second-quarter loss of $441,361 (3 cents per share), compared with a profit of $196,304 (2 cents) in the same period of last year. Revenue declined to $6.5 million from $6.9 million for the year-ago period.
The Vienna company blamed the results on a decline in new business and revenue in its systems products group and a loss in its telecommunications group.
For the first six months of its fiscal year, Hadron reported a net loss of $653,853 (5 cents), compared with net income of $302,414 (2 cents) for the first half of the previous year. Revenue declined to $13.7 million from $13.9 million the year before.
*Cerberonics Inc. reported first-quarter profits of $385,000 (26 cents) for the three months ended Sept. 29, up 11 percent from $347,000 (20 cents) for the comparable period the year before.
First-quarter revenue decreased to $8.3 million from $9.4 million.
The technical services company based in Bailey's Crossroads attributed the higher earnings to an improved ratio operating expenses to revenue and improved operating results at a subsidiary. The company attributed the lower revenue to the expiration of a major logistics contract.
*QuesTech Inc., a McLean high-technology firm, reported third-quarter profits of $278,552 (18 cents per share), up 45 percent from $192,744 (16 cents) in the same period last year. The company said attributed the increase partly to the retirement of the minority interest in one of QuesTech's subsidiaries. Revenue for the third quarter rose to $8.3 million from $7.5 million last year.
For the first nine months, profits rose 16 percent to $810,539 (59 cents) on sales of $23.4 million, from $694,982 (56 cents) on sales of $20.2 million in the same period last year.
*Classic Corp., a leading manufacturer of waterbed and flotation sleep materials, reported first-quarter profits of $187,000 (10 cents), down 33 percent from $278,000 (21 cents) in the same period last year.
The Jessup, Md., firm said its sales increased to $9.2 million in the third quarter, from $7.6 million in the year before.
*Bowl America Inc., of Springfield, reported a first-quarter loss of $55,739 (3 cents), slightly less than its loss of $61,037 (4 cents) in the same quarter last year. Third-quarter revenue was $1.6 million, unchanged from the previous year.
The company, which operates 25 bowling centers, said its first quarter typically produces a loss because of the seasonal decline in league bowling during the summer.