ATI Medical’s Earnings Increase in 2nd Quarter
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ATI Medical Inc., a Glendale company that rents medical equipment to health care facilities and the entertainment industry, reported that its profit rose to $288,200 in its fiscal second quarter ended Jan. 31 from $38,700 a year earlier, despite a 6% decline in revenue.
ATI’s second-quarter revenue totaled $13.3 million, in contrast with $14.2 million in revenue in the second quarter of fiscal 1991.
The company’s six-month profit was $102,800, compared to a loss of $252,100 for the same period the year before. Revenue totaled $26.6 million, down from $27.2 million.
ATI said its return to profitability was due to reduced expenses and asset sales.
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