Sectra posts solid Q2 sales

AuntMinnie.com staff writers

Dec 4, 2006

Swedish technology developer Sectra reported solid growth in revenues in its medical division in the company's fiscal 2006 second quarter (end-October 31).

For the period, Sectra's medical systems unit reported sales of 146.3 million kronor ($21.53 million U.S.), a 20.7% upsurge compared with the 121.2 million kronor ($17.84 million) posted in the same period a year ago. The division's operating profit decreased to 11.3 million kronor ($1.66 million), compared with an operating profit of 22.5 million kronor ($3.3 million) the year before.

The Linköping-based firm noted that its second-quarter profit margin for the division was impacted by the cost of its investments in the medical market.

By AuntMinnie.com staff writers
December 5, 2006

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Copyright © 2006 AuntMinnie.com

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