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Article: Viking Office Products notes record year - partly due to European effort.
- Article from:
- Los Angeles Business Journal
- Article date:
- August 22, 1994
- Author:
CopyrightCOPYRIGHT 1994 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Riding a 26.7 percent surge in worldwide sales, Los Angeles-based mail-order office products distributor Viking Office Products Inc. last week reported record net income of $31.8 million on record sales of $565.1 million, for the fiscal year ended June 24.
The national economic recovery played a role in raising Viking sales -- domestic sales were up 16 percent -- but market penetration and galloping European sales were more important, said Lisa Billig, vice president and chief financial officer at Viking.
"This past year we mailed out 116 million catalogs," she said. Viking sells by catalog in the United States, Great Britain, France, Belgium and Australia.
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