JERSEY CITY, N.J. (AP) _ Bel Fuse Inc. (BELFA) on Monday reported first-quarter net income of $3.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Jersey City, New Jersey-based company said it had net income of 24 cents. Losses, adjusted for non-recurring gains, came to 23 cents per share.

The maker of electronic products for circuits posted revenue of $110.6 million in the period.

Bel Fuse shares have increased 42% since the beginning of the year. The stock has more than doubled in the last 12 months.

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