MediTek parent sees '95 results soar

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%.