MDS Nordion shows Q4 revenue downturn, year-end upturn

AuntMinnie.com staff writers
Dec 13, 2006

Canadian radioisotope developer MDS Nordion, a division of Toronto-based MDS, reported a decrease in revenues for its fiscal 2006 fourth quarter (end-October 31), although the fiscal year showed positive growth.

MDS Nordion reported revenue for its fourth quarter of $85 million Canadian ($73.52 million U.S.), down 11% from last year's fourth-quarter revenues of $96 million ($83.04 million).

For the full year, revenues grew by 4% to $338 million ($292.4 million) in fiscal 2006 from $325 million ($281.2 million) in fiscal 2005, according to the Kanata, Ontario-based firm.

MDS Nordion said that its overall revenue growth for the year was driven principally by incremental volumes in its cardiac imaging business.

By AuntMinnie.com staff writers
December 14, 2006

Related Reading

MDS sells diagnostics unit, October 5, 2006

MDS Nordion gets FDA OK for TheraSphere clinical trials, September 26, 2006

MDS Nordion Q3 posts flat revenues, September 7, 2006

MDS Nordion Q2 shows gains, June 8, 2006

MDS Nordion moves closer to end users, June 7, 2006

Copyright © 2006 AuntMinnie.com

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