Research Industries reported record revenues and net profits for its fourth fiscal quarter.
The Salt Lake-based company said total revenues for the quarter were $7.55 million, up 18 percent from $6.42 million for the same period last year.The company said net income increased 16 percent to $1.82 million or 20 cents per share, compared to $1.56 million or 17 cents per share in the same period last year.
Earnings per share for the fourth quarter compared to the third quarter of 1994 rose 25 percent to 20 cents, up from 16 cents.
Research Industries develops, manufactures and sells hospital disposable products.