Biopool Announces Major Earnings Gains
Biopool International Inc., the Ventura maker of medical diagnostic test kits, reported second quarter earnings for the quarter that ended June 30 were $189,631, up nearly fourfold from $50,758 the year before. Revenues for the second quarter were $1.42 million, up 25% from $1.14 million in the same quarter in 1993.
For the six months, the company reported earnings of $389,827, up threefold from $129,107 a year earlier. The gain was on a 50% revenue increase in revenue to $2.7 million from $2.2 million in the first sixth months of the previous year.
The company attributed the results to strong sales in Japan of its lipoprotein test kit, which is used to assess patients’ risk of heart disease.