Biopool Posts $188,292 Profit in 4th Quarter
Biopool International Inc., a Ventura maker of blood diagnostic kits, reported profits for the fourth quarter and all of 1992, in contrast with year-earlier losses.
Biopool earned $188,292 in the three months that ended Dec. 31, while its sales rose 26% to $956,898. A year earlier, it lost $202,470 on $762,160 in sales.
The company said its full-year profit totaled $626,670, compared to a loss of $351,652 in 1991, and its annual sales jumped 83%, to $4.87 million from $2.66 million.
Biopool said the turnaround reflected an aggressive strategy of penetrating new markets, expanding existing markets and introducing new products.
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