Earnings Plunge 61% at Drewry Photocolor

Drewry Photocolor’s profits fell 61% to $119,411, or 20 cents per share, during its first quarter ended July 27. Sales totaled $9.1 million, down 30% from the same period a year ago.

Burbank-based Drewry is a wholesale photo-finishing company, processing film mostly for drugstore and supermarket customers. Hal Ellis, vice president for finance, said the company’s weaker performance was caused by price cutting and loss of business to competitors.

For detailed data and results of other companies, please see tables, Page 8.