Research Industries Corp. reported net income of $453,934 or 8 cents per share for its first fiscal quarter ended Sept. 30, up 57 percent over the $289,864 earned in the same period last year.

The company said a major contributor to the record quarterly earnings was acceleration in the growth rate of health-care product revenues, which were up 33 percent. Also credited was an increase in health-care gross profit margins from 64 percent in the prior year's first fiscal quarter to 65 percent this year.Salt Lake-based Research Industries is a biomedical firm specializing in development, manufacture and marketing of hospital disposable products and specialty pharmaceuticals.