Computer cataloger Micro Warehouse Inc. reported net income of $13.6 million in the 1998 fourth quarter an 85.4% increase over $7.3 million for the fourth quarter of 1997
The Norwalk, CT-based firm posted net sales of $595 million for the 1998 quarter, up $21.3 million or 3.7% over the same period last year.
Worldwide catalog circulation was flat at 32.6 million catalogs for the quarter, with domestic circulation up 3.9% and European circulation down 17.4% compared to 1997
For the year ended Dec. 31, the firm reported net income of $46 million or $1.30 per share compared to net income of $28.5 million in 1997. Net sales for the year rose 4.4% to $2.22 billion from $2.13 billion in the comparable period a year ago.
In addition, the company yesterday launched Computersbynet.com, an internet-only discount retailer of name brand computer products.
