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CompUSA Profits Rise 61 Percent

October 29, 1997

DALLAS (AP) _ Computer retailer CompUSA Inc. said Wednesday that its quarterly profits increased 61 percent on a 20 percent rise in sales.

The Dallas-based chain said its profits in the quarter ended Sept. 27 rose to $23.5 million, or 25 cents per share, from $14.6 million, or 15 cents per share, in the year-ago quarter. Sales grew to $1.19 billion from $990.5 million

CompUSA president James Halpin noted that the stronger profits came despite investments in the chain’s new line of personal computers, opening five new superstores, and preparing for 14 new store openings.

CompUSA is one of the nation’s leading retailers and resellers of personal computers and related products and services. CompUSA currently operates 136 CompUSA superstores.

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