Biopool Posts Increase in 2nd-Quarter Sales

Biopool International Inc. in Ventura said second-quarter sales increased 20% to $2.8 million, compared with $2.3 million for the same period a year earlier.

Income from continuing operations more than tripled to $389,000 from $128,000. Earnings per share from continuing operations were 5 cents for the second quarter of this year, compared with 2 cents a year earlier.

The operations results have been restated for prior years to reflect the sale of a division last year.

Net income for the quarter jumped 30% to $389,000, or 5 cents per share, compared with $299,000 or 4 cents per share, in the same quarter last year.

Michael D. Bick, Biopool’s chief executive officer, attributed the growth in revenue and profits to better marketing, particularly in domestic-branded sales.

Bick said the company also reduced the cost of its sales, mostly because of manufacturing and operational efficiencies that come with increased volume.

Biopool manufactures test kits to diagnose and monitor blood disorders.