Syncor Posts $1.13-Million Profit in 4th Quarter

Syncor International Corp. posted a profit turnaround in the fourth quarter, while its net income for all of 1995 nearly quadrupled compared to 1994.

The Chatsworth-based company posted net income of $1.13 million in the fourth quarter, compared to a $537,000 loss a year earlier. Syncor’s sales in the fourth quarter rose 4% to $85.1 million, compared to $81.7 million a year earlier.

For all of 1995, Syncor saw its net income jump to $4.7 million, compared to $1.2 million in 1994, while its sales climbed 4% to $332.5 million in 1995, up from $320 million in 1994.

The company, which sells radiopharmaceuticals used by physicians to track various internal diseases, said it plans to boost its international pharmacies from eight to 25 by 1998.