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NET INCOME RISES FOR BALLARD MEDICAL

SHARE NET INCOME RISES FOR BALLARD MEDICAL

Ballard Medical Products, 12050 Lone Peak Parkway, had unaudited net income of $9.2 million in the fiscal year ending Sept. 30, compared with $6 million (including $448,018 from non-recurring items) for the previous year.

Dale Ballard, president, said net sales for the year totaled $38 million, compared with $29.1 million in the previous year.Net income in the fourth quarter was $2.7 million, compared with $1.6 million in the same quarter a year ago. Fourth-quarter sales totaled $10.1 million, compared with $8 million for the same quarter a year ago.

Net income per share for the fiscal year was 71 cents, compared with 48.7 cents per share last year. Net income per share in the fourth quarter was 20.9 cents, compared with 13.4 cents in the same period 12 months ago.

As of Sept. 30, Ballard said the company had 12.5 million shares of common stock outstanding.