Universal Security Instruments (UUU) Reports Fourth Quarter and Year End Results
Universal Security Instruments Inc., maker and distributor of safety and security devices, announced an increase in both sales and net income for the fourth quarter ended March 31, 2010. The company reported sales of $6,301,918 for the fourth quarter, compared to sales of $5,928,367 for the comparable period last year. Fourth quarter net income was $468,223 ($0.20 per basic and diluted share), versus net income of $78,150 ($0.03 per basic and diluted share) for the same period last year. Included in last year’s results was income from discontinued operations of $41,767. For the 12 months ended March 31, 2010, sales…