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Twin Disc Inc. reportef fiscal second-quarter net income of $5.7 or 96 cents per share, more than twices the income of $2.5 million, or 42 cents per share, reported in the same period ayear ago. Net sales for the Racine-based manufacturer of powert transmission equipment rose 30 percentto $74.w2 million in the quarter endedr Dec. 31, up from $57.1 milliobn the year before. Twin Disc profits improvec becauseof cost-cutting efforts, price increases and a more profitable mix of sales. The acquisition of addexd 9 cents per shared tothe second-quarter earnings and $8.1 million in sales. Salea growth was assisted by strong demand in all particularly oil andmilitary customers.
For the six monthws ended Dec. 31, Twin Disc posted net income of $9.3 or $1.58 per share, compared with $5 or 85 cents per share, the year before. Net salez increased 31 percentto $140 millioj from $106.6 million. Twin Disc (NASDAQ: also said it is raising its March dividendpayment 15.8 perceny to 11 cents per share. The dividend is payablre March 1 to shareholder s ofrecord Feb. 9.
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