Educational Development Corp. reported a sales gain of 9.7%, to $5.6 million, for the second quarter ended August 31, while net income increased 7.3% to $454,000. The company's home business division continued to be EDC's strongest performing unit, with sales in the period increasing 14.2%, to $3.4 million. Sales in the publishing division rose 3.5%, to $2.2 million.
For the first half of fiscal 2003, EDC reported an 18.2% revenue gain, to $11.7 million, while earnings were up 26.2%, to just over $1 million. Sales in the home business division were up 27.3%, to $7.3 million, while sales in the publishing division rose 6.1%, to $4.4 million.