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DAC Technologies income up 2,391%.

DAC Technologies Group International Inc. reported net income of $319,084 for 2003, compared with $12,810 for 2002--an increase of $306,274, or 2,391 percent.

The company reported pretax income of $519,681, upon which it accrued income taxes of $200,597, which the company did not have to actually pay because of a net operating loss carry-forward.

Net sales of $4.8 million for 2003 were up 73 percent, compared with $2.8 million for 2002. Sales were up 93 percent in the fourth quarter--$1.9 million versus $1 million.

DAC Technologies is an outsource manufacturer of security safes, gun locks, gun cleaning kits and security products as well as accessory items for the sporting goods market. Based in Florida, the company has its main operations in Little Rock.
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Title Annotation:Public Company Reports; DAC Technologies Group International Inc
Publication:Arkansas Business
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 5, 2004
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