Syncor’s Profit Soars in 4th Quarter

Syncor International Corp., a Chatsworth operator of specialized pharmacy service centers, said its fiscal fourth-quarter profit soared to $765,000 from $107,000 a year earlier.

The higher earnings came on a 15% gain in Syncor’s sales, to $35.8 million in the quarter that ended May 31 from $31 million a year earlier. Syncor attributed the gains to increased market share and improved operating efficiency.

For its full fiscal year, Syncor reported earnings of $3.6 million, up from $433,000 the previous year, and its annual sales climbed 14% to $129.8 million from $113.9 million.