PSP profits jump

OTTAWA – Pacific Safety Products, maker of protective products for law enforcement, security and defence, reports third-quarter sales of PSP-cropped.JPG$10.5 million, down slightly from $10.6 million in the comparable period in 2008. Net income is $417,000, an increase of almost 40% from $300,000. “I am extremely pleased with our progress to date,” says CEO David Scott. “With three quarters of the year complete, sales are up more than 13% and gross margins are up more than 1% over last year.”

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