MediTek parent sees '95 results soar

December 27, 1995

The corporate parent of imaging services firm MediTek Health postedsharply higher sales and income for its 1995 fiscal year (end-October).Heico of Hollywood, FL, said the good news was due to gains inMediTek's business as well as that of Heico's

The corporate parent of imaging services firm MediTek Health postedsharply higher sales and income for its 1995 fiscal year (end-October).Heico of Hollywood, FL, said the good news was due to gains inMediTek's business as well as that of Heico's aerospace operations.

For the year, Heico enjoyed revenues of $40.4 million, up 25%from $32.4 million in 1994. Net income for 1995 was $2.7 million,up 83% over the $1.5 million registered last year, a figure thatdoes not include an accounting change that increased 1994 netincome by $381,000.

For the fourth quarter of 1995, Heico had revenues of $10.7million and net income of $753,000, compared to revenues of $9million and net income of $532,000 in the same period a year ago.

Heico said MediTek's operating income increased 54% over lastyear, while sales gained 12%.