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Napco Quarterly Profit Jumps 74%

|Includes: NAPCO Security Technologies, Inc. (NSSC)

Originally published at www.seclive.com

Napco Security Technologies, Inc. (NASDAQ:NSSC) announced its fourth quarter and full-year results for fiscal year 2013, reporting strong growth in sales and income. The company, which employees less than 1000 people, reported quarterly revenue increased 10% while net income jumped 74% to match its previous record of $3.2M. Earnings per share for the quarter were $0.17 per share, compared to $0.09 per share a year ago. For the full fiscal year, Napco earnings increased 32% to $3.0M, or $0.16 per share, compared to $2.3M and $0.12 earnings per share last year. Napco Chairman and President Richard Soloway remarked that demand for the company's access control and door-locking products is up and that the company continues to work to diversify its product offerings.

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