AFP Imaging of Elmsford, NY, reported growth in both its revenues and net income for the company's 2005 fiscal year (end-June 30).
Full-year revenues were $23.1 million, an increase of 17% compared to $19.8 million in the same period last year. Net income for the year was $1.9 million, compared with $1.3 million in the same period of fiscal 2004.
For the fourth quarter, AFP reported sales of $6.2 million, up 9% compared with $5.6 million in the corresponding quarter of 2004. Fourth-quarter net income was $516,000, compared with $407,000 in the same period of 2004.
The company said the results represent the highest levels of sales and net income for AFP in the last three years, and that it will continue to invest in its dental and veterinary imaging segments.
By AuntMinnie.com staff writers
September 13, 2005
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