Max & Erma's 1st-Q profit rises

COLUMBUS Ohio Max & Erma's Inc., operator or franchisor of 101 namesake casual-dining restaurants, posted a first-quarter profit versus a net loss in the same period a year ago, despite a 3.6-percent, year-over-year decline in revenues to $55.5 million.

The company said its improved restaurant margins and a 6.3-percent drop in total operating expenses led to a five-fold increase in operating income, to $1.8 million from $331,000 a year earlier, which helped it

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