Commodore back in profit
Commodore International, Ltd, the American microcomputer maker, claims to have returned to making a profit.
Mr Thomas Rattigan, president and chief executive officer of Commodore Internationai, Ltd, said: “We have achieved our stated goal of breaking even in the June quarter by recording a net profit of SUSI.2M, which is a SI2SM profit improvement over the year ago quarter.” Sales, at S2O9M, were up 58 per cent on the corresponding quarter a
year ago. Stocks and bank debt had been reduced more than 30 per cent in the current year, Mr Rattigan said. Unit sales were up on all of Commodore’s main computer lines: the C 64, the Amiga, and the ; PC. The June quarter was the best quarter in Amiga sales since it went on sale in North America last September. The five new computer products launched in the last 15 months now represented two-thirds of Commodore’s computer revenues, Mr Rattigan said.
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Press, 2 September 1986, Page 32
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157Commodore back in profit Press, 2 September 1986, Page 32
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