SMT profits skyrocket as sales grow
SMT Health Services reported sharply higher earnings for its 1995fiscal year (end-December) on a 14% increase in revenues. ThePittsburgh-based mobile MRI provider said that it expects evenmore growth in 1996. For the year, SMT had revenues of $15.2
SMT Health Services reported sharply higher earnings for its 1995fiscal year (end-December) on a 14% increase in revenues. ThePittsburgh-based mobile MRI provider said that it expects evenmore growth in 1996.
For the year, SMT had revenues of $15.2 million, compared with$13.3 million in 1994. Net income was $1.4 million, up from the$410,000 recorded the year before.
SMT said that the gain in net income was due to higher revenues,increased utilization of its mobile units, lower operating costs,and lower financing costs. SMT president and CEO Jeff Bergmanwas confident that last year's good news will carry forward into1996.
"The mobile MRI industry has improved dramatically duringthe past year and we expect this improvement to continue in 1996and beyond," Bergman said.