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IPS Health Care’s Net Increases 7%

IPS Health Care Inc., the Irvine-based medical service company, reported net earnings of $149,198 for the third fiscal quarter, up 7% from the $140,035 posted for the like period last year.

Revenue for the quarter ended Jan. 31 rose 53%, to $2.3 million from $1.5 million.

Nine-month net income totaled $15,070, contrasted with $166,722 for the corresponding three quarters a year ago. Revenue more than doubled, to $6.7 million from $3.1 million.


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