General Physics Corp., a Columbia, Md.-based firm that provides training services to nuclear and fossil fuel utilities, announced increased profits and record revenue for the first half of 1985.
The company said net income grew from $1.4 million (37 cents per share) to $1.8 million (48 cents) for the six months ended June 30, a 30 percent increase. Net income for the second quarter was $918,000, up from $687,000 for the comparable period in 1984, the company reported.
Meanwhile, revenue grew 56 percent from $19.2 million for the first half of 1984 to $30.0 million for the first half of 1985, the company said.
Second-quarter revenue was $15.9 million, a 64 percent increase over the 1984 figure of $9.7 million, according to the company.
The company attributed the gains to its recent acquisition of Taurio Corp., a defense technical services company in Alexandria, as well as to growth in both commercial and government business.
* Easco Corp., a Baltimore manufacturer of aluminum products, posted operating losses and lower sales for the second quarter and six months ended June 30.
The net loss for the second quarter was $4.4 million, compared with $1.8 million for the comparable period in 1984, the company said. For the year thus far, net losses amounted to $7.3 million, compared with a net income of $172,000 (2 cents per share) for the first six months of 1984.
Net sales for the first six months of the year dropped from $279 million to $263.1 million, the company said. Sales were at $137.2 million for the second quarter, down from $141.8 million a year ago, Easco reported.