Radiopharmaceutical provider and imaging center operator Syncor International reported net sales of $181.4 million in its first quarter, up 21.8% from the $149 million in revenue reported for the same period last year. For the quarter (end-March 31), the Woodland Hills, CA-based firm had net income of $10.2 million, compared with net income of $7.5 million last year.
Syncor has strong growth prospects in each of its business units, according to president and CEO Robert Funari. The company continues to focus resources on building its radiopharmaceutical service capabilities, working to secure distribution rights for complex medical pharmaceuticals and products, and implementing new computer systems to produce efficiencies and improve returns, he said.
By AuntMinnie.com staff writersApril 25, 2001
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Syncor income rises in 2000, February 21, 2001
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