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PARSIPPANY, N.J. - Spurred, in part, by increased unit sales of audio products and microwave ovens, fiscal 2001 sales at Emerson Radio climbed 30 percent to $264 million, while operating income jumped 225 percent to $17.3 million, for the 12 months ended March 31.
Emerson attributed the large increase in CE operating income to an increase in revenues, improved gross margins and lower operating and selling, general and administrative (SG&A) expenses as a percent of revenues.
The company said it continues to achieve positive results at gross margin levels, with gross margin as a percentage of sales in fiscal 2001 rising 160 basis points to 14.8 percent, up from 13.2...