Matthews Studio Reports $137,600 1st-Quarter Profit

Matthews Studio Equipment Group, a Burbank company that manufactures, rents and sells equipment for still- and motion-picture-making, said its net income for the first period that ended Dec. 31 was $137,600, compared to a net loss of $296,500 a year earlier. Matthews said its revenues increased 45% for the three months to $4.17 million from $2.88 million a year before.