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Hycor Biomedical Inc. reported that net income...

Hycor Biomedical Inc. reported that net income for 1988 rose 147%, to $702,000 from $284,000 a year ago. Sales increased 16%, to $8.2 million from $7 million. Richard D. Hamill, president and chief executive of Hycor, attributed the company’s improved results to stronger sales, particularly in international markets, new product introductions and improved manufacturing efficiencies. For the fourth quarter, net income was $193,000, contrasted with a loss of $37,000 for the comparable period in 1987. Sales increased 24%, to $2.1 million from $1.7 million. Hycor Biomedical, based in Fountain Valley, is a biotechnology firm specializing in developing, manufacturing and worldwide marketing of clinical diagnostic products.


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