Husky reports profit

Husky Injection Molding Systems Ltd. reported a US$11.4 million profit on sales of US$185.2 million for the three months ending Jan. 31. This compares with a loss of US$6.5 million in the second quarter of the company’s previous financial year. According to a press report, Husky orders grew by 25% in the quarter, despite lingering soft conditions in the plastics industry. Husky says the profit improvement also reflects increases in productivity and cost savings.