NEW YORK-Batteries Batteries Inc. announced results of its first quarter ended March 31.
Net sales for the first quarter totaled $12.8 million, a 107 percent increase compared with first quarter 1996 net sales of $6.2 million. The increase was due largely to the acquisition of the Battery Network Group of Companies effective Jan. 1, said Batteries Batteries.
Net income totaled $269,000, or 6 cents per share, compared with net income of $181,000, or 4 cents per share, for the corresponding period a year ago.
Batteries Batteries operates through three subsidiaries: Battery Network/Tauber Electronics, Advanced Fox Cellular and Batteries Batteries For Everything.
