MINNEAPOLIS -- Nortech Systems today reported net sales of $30.1 million for the second quarter ended June 30, up 4% from 2016.

For the quarter, Nortech reported operating income of $95,000, up from a loss of $110,000 a year ago. The net loss narrowed to $16,000 from a net loss of $180,000 last year.

“Our second quarter revenue increased both year over year and sequentially, led again by medical sales,” said Rich Wasielewski, Nortech’s president and CEO. “We continue building on our strategies of growing our medical business and globalization to meet our customers’ needs regionally – in the United States, Mexico and China.”

Nortech Systems’ improved profitability for the quarter was mainly the result of the revenue increase and contributions from its China operations, which is positively contributing in 2017 compared with start-up expenses last year.

During the second quarter, Nortech announced a new commercial banking agreement with Bank of America Merrill Lynch, providing a new credit facility of up to $21 million with an additional $20 million accordion feature. Also in the quarter, Nortech named Matt Mahmood chief operating officer.

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