SOURCE: George Risk Industries, Inc.
KIMBALL, NE--(Marketwired - Dec 19, 2013) - George Risk Industries, Inc., (OTCQB: RSKIA) a leading manufacturer of products in the security industry, presented net sales for the quarter ended October 31, 2013, to be $2,920,000, which is an increase of 13.66% from the corresponding quarter last year. Year-to-date sales were $5,590,000 at October 31, 2013, which is a 9.37% increase from the same period last year. Net income for the quarter ended October 31, 2013 was at $1,370,000, a $131.03% increase from the corresponding quarter last year, which showed net income of $593,000. Net income for the six months ended October 31, 2013 was $2,024,000, a 96.7% increase from the same period last year. Net income for the six months ended October 31, 2012 was $1,029,000. Earnings per common share for the quarter ended October 31, 2013 were $0.27 per share and $0.40 per share for the year-to-date numbers. EPS for the quarter and six months ended October 31, 2012 were $0.12 per share and $0.20 per share, respectively.
Engineering's work in progress consists of a high security switch in final stages of testing prototypes, redesigning a mold for the pool alarm line, a twist lock for recessed steel door contacts with variety that allows installers to set a precise gap, and new molding case design for our Current Controller (Cc-15). This new design will allow us to manufacture a 15-amp version that can automatically turn on a whole room of lights and a 220-volt version for international markets. Molding is working on a new cover design for our 29-series terminal switch. Wireless pool alarms, wireless switches and sensors continue to be developed.
George Risk Industries, Inc. is engaged in the design, manufacture and sales to distributors and OEM manufacturers of custom computer keyboards, push button switches, burglar alarm components, pool alarms, thermostats, E-Z Duct wire cover, and hydro sensors. The company has representation in the United States, Canada, Asia, and EMEA.