Unilab Corp., a Tarzana-based provider of clinical laboratory testing services, said it posted a big loss during the second quarter ending June 30.
The company reported a loss of $37.5 million, compared to a profit of $2.1 million in the second quarter of 1994. Sales increased 23% to $47.9 million, compared to $39 million during the same period last year.
For the six-month period, the company reported a loss of nearly $37 million, compared to a profit of $2.1 million in 1994. Sales increased 21% to $90.2 million, compared to $74.6 million during the first six months of 1994.
Unilab said several one-time charges during the quarter contributed to the loss. The charges were aimed at increasing the company's market share in California, Unilab said.