Polymer Research Corp of America has reported a net income of $49,525 on revenues of $1,626,246 for the quarter ended March 31, 2001. This compares with net income of $135,204 ($.07 per share) on revenues of $1,476,981 for the quarter ended March 31, 2000. The company, which manufactures a range of textile printing inks, says the decrease in net income is the result of increased selling, general and administrative expense.