GRAHAM REPORTS PROFIT GROWTH

Genesee County manufacturer Graham Corp. on Thursday reported increases in first-quarter profit and sales, driven by growth in the petroleum-refining sector, as well as higher volume and improved margins.
Graham, based in Batavia, reported net income of $3.8 million, or 38 cents a diluted share, compared with $1.4 million, or 14 cents a diluted share, a year ago.
Sales were up 25 percent to $28.3 million from $22.5 million last year.

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