Scitex profitable again as first quarter closes. (Company Financial Information)

Scitex announced its return to profitability in the first quarter of 1996, ended March 31. Its unaudited results showed a net profit of $3.3 million ($.08/share) on revenues of $194.5 million, up 12% from the same period a year ago, when Scitex recorded revenues of $173.2 million and a net profit of $15.7 million ($.37/share) on. Scitex suffered losses in its last two quarters of 1995. The report said first quarter revenues rose 8% in Europe to $79 million and 3% in North America to $74 million, reversing a trend of year-over-year declines in the last four quarters. Sales in Japan grew 100%, reaching $25 million. Sales in the rest of the world were approximately $16 million, up …