OWINGS MILLS, Md., Nov. 13 /PRNewswire-FirstCall/ -- Universal Security Instruments, Inc. (OTC Bulletin Board: USEC) today announced significantly higher sales and earnings for its second quarter ended September 30, 2002, citing strong overall sales, increased market share and continued growth at its Hong Kong joint venture.
The Owings Mills, MD-based designer and marketer of safety and security equipment posted net earnings of $630,129, or $0.60 per basic share ($0.55 per diluted share), on net sales which rose 54% to $4,091,272, compared with net earnings of $23,543, or $0.03 per basic and diluted share, on net sales of $2,653,482 for last year's second quarter.
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