Advertisement

REGIONAL EARNINGS

Biopool International's Profits Tumble in '93

March 22, 1994

Biopool International Inc., a Ventura maker of test kits for diagnosing blood disorders, said its profit increased 6% in the fourth quarter but its profits suffered a significant decline for 1993.

For the quarter ended Dec. 31, Biopool reported a profit of $198,993, compared with earnings of $188,292 for the same period a year earlier. Revenue in the latest quarter rose 16% to $1.11 million, from $956,898.

But for all of 1993, Biopool's profit fell 42% to $360,729, from $626,670 for the previous year. Revenue for 1993 totaled $4.31 million, down 11% from $4.87 million. Biopool said its performance in 1993 was hurt by the unfavorable exchange rate of the Swedish krona, which resulted in reduced revenue at the company's Swedish subsidiary, Biopool AB.

Advertisement
Los Angeles Times Articles
|
|
|