NAPCO Security Systems Inc. announced its fiscal 2005 profit increased by 69 percent, driven by strong sales growth and improved margins. The company’s net income increased to $5.6 million from $3.3 million, and revenue rose to $65.2 million from $58.1 million.
NAPCO said its revenue for the period is a company record, and its results exceeded expectations by a large margin. NAPCO also said it is “cautiously optimistic” that all the necessary components are in place to improve its value at a reasonable rate in 2006.
