Increased costs on the development of new radiological IT systems cut into the profit margin of Swedish PACS and digital mammography developer Sectra in its third fiscal quarter of 2010.
For the quarter (end-January 31), the Linköping-based company's net sales slipped 11% to 201.2 million kronor ($28.1 million U.S.), compared with 226.1 million kronor ($31.6 million) in the third quarter of fiscal 2009. The company also posted an operating loss of 2.5 million kronor ($350,000), compared with a profit of 1.4 million kronor ($196,000) in the same quarter a year ago.
Net sales for the nine-month period slipped 1% to 592.9 million kronor ($83 million), compared with 599.5 million kronor ($83.9 million) in the same period of 2009. The firm's operating profit, however, advanced by 37% to 14 million kronor ($1.96 million), compared with an operating profit of 10.2 million kronor ($1.4 million) in the same period of 2009.
Also for the nine-month period, Sectra's medical systems' net sales rose 5% to 566.1 million kronor ($79.2 million), compared with 536.9 million kronor ($75.2 million) in the same period of 2009.
Related Reading
Sectra debuts Image Central at ECR, March 4, 2010
Sectra to highlight wide area radiology at ECR, February 18, 2010
Sectra preps for AAOS 2010, February 17, 2010
Sectra nets Ohio PACS pact, January 14, 2010
Sectra unveils new PACS workstation, December 15, 2009
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