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LabOne Reports Higher 4th Quarter Net Income

By Staff Writer

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NU Online News Service, Feb. 18, 3:57 p.m. – LabOne Inc., Lenexa, Kan., is reporting $4.4 million in net income for the fourth quarter of 2002 on $78 million in revenue, compared with $1.4 million in net income on $70 million in revenue for the fourth quarter of 2001.

LabOne provides traditional medical test processing services along with laboratory testing services for life insurers and employers.

Revenue from a unit that serves life insurance underwriting operations increased 8%, to $55 million.

Revenue from traditional medical testing services increased 31%, to $17 million.

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