Radiopharmaceutical provider Syncor International reported first-quarter net sales of $215.5 million, up 18.8% compared from the $181.4 million reported in the same period last year. For the quarter (end-March 31), the Woodland Hills, CA-based vendor had net income of $10.9 million, compared with net income of $10.2 million in the first quarter of 2001.
Syncor's pharmacy services business turned in a good first quarter, thanks to strong sales of its Cardiolite imaging agent. The unit reported revenues of $164.1 million, up 23.1% compared with the $133.3 million booked in the same period last year. Operating income grew to $23.8 million, up from $19.9 million in the first quarter of 2001.
Syncor's Comprehensive Medical Imaging subsidiary had sales of $40 million, up 3.9% compared with the $38.5 million turned in last year. The business had a decline in operating income, from $4.5 million to $4.1 million. A reorganization and the opening of several new imaging centers impacted profitability, according to Syncor.
By AuntMinnie.com staff writersApril 24, 2002
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