Ha-Lo Industries, Niles, Ill., announced record profits and sales for the fourth quarter and full-year 1998. The distributor of promotional and premium ad products said net income for the quarter was $9.8 million, up 39% from a year ago, on net sales of $175.9 million, up 17%. For the full year, net income reached $24.5 million, up 65%, with net sales of $589.7 million, up 27%. Ha-Lo announced a half-dozen acquisitions in December, and last month it acquired Grotte Advertising Co., a Houston promotional products company.
Copyright February 1999, Crain Communications Inc.