A.R.C. CAPITAL said it expects a record profit of $1.2-$1.4 mln on sales of about $10 mln for the 1996 4Q. In a statement, the company also said its consolidated gross margins in the fourth quarter were above 50 percent. It cited the "outstanding performance" of its SRC VISION subsidiary as a reason for the strong quarter. SRC Vision generated record sales and gross margins exceeding 56 %, it said. ARC Capital expects to announce fourth quarter earnings when it completes its audit in February. (Reuters 11:23 AM ET 01/15/97) |