TEL Electronics Inc. reported net sales of $431,765 for the first quarter 1988, an increase of 41 percent compared with the same period in 1987. Net income for the quarter was $32,294 or $.0005 per share, an increase of 178 percent when compared to $11,579 or $.0002 per share for the first quarter last year.

Gross profit increased once more by approximately 4 percent in comparison with the same period last year. Selling, general and administrative expenses of $286,157 were up by over 50 percent compared to the same period last year, while research and development expenses of $42,392 were up 4 percent compared to the previous year.TEL electronics inc. designs, produces and markets proprietary mi-croprocessor-based telephone call accounting, scanner and other systems.