HemaCare Boosts Revenue 18 Percent

The Woodland Hills blood products and service provider HemaCare Corp. reported third quarter 2006 revenue increased 18 percent from the same 2005 period. HemaCare created $9.2 million in revenue, up from $7.8 million last year. Gross profit totaled $1.7 million, compared to $1.4 million during the quarter of 2005, the company reported. Net income also rose 52 percent to $448,000, or $0.05 per diluted share, for the quarter, the company’s 12 such consecutive profitable quarter. The boost was fueled by a 20 percent increase in revenue from blood products, the company said.