Brake Headquarters U.S.A., Inc. Announces Second Quarter Results
19 August 1997
Brake Headquarters U.S.A., Inc. Announces Second Quarter ResultsLONG ISLAND CITY, N.Y., Aug. 19 -- Brake Headquarters U.S.A., Inc. (the "Company") reported net income from operations of $89,622 on sales of $15,553,806 for the six months ended June 30, 1997 compared with sales of $18,018,775 and income of $54,791 for the same period ended June 30, 1996. Even with a decrease in sales of $2,464,969 or 13.7%, net income increased by 63.5% or $34,831. This was the result of cost reductions and improved gross profit margins. The Company, through its wholly owned subsidiary, Sanyo Automotive Parts, Ltd. has been engaged in business as a wholesaler of undercar parts since 1976. Sanyo imports, assembles and distributes undercar parts to the automotive after market industry. SOURCE Brake Headquarters U.S.A.