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Schmitt Industries Swings To Q3 Net Profit

Computer technology company Schmitt Industries Inc. (SMIT) reported third-quarter net income of $12,621 or breakeven per share, compared to a net loss of $0.2 million or $0.07 per share last year.

Net sales for the quarter increased 8.1 percent to $3.2 million from last year's $2.9 million.

by RTT Staff Writer

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