Negative effects from exchange-rate fluctuations eroded gains in operating profit for Swedish PACS and digital mammography vendor Sectra in its 2009-2010 fiscal year.
For the period (end-April 30), the Linköping-based vendor had consolidated net sales of 848.4 million Swedish kronor ($109.9 million U.S.), down 1.7% from the 863.3 million kronor ($111.8 million U.S.) reported for 2008-2009.
Sectra had operating profit of 34.2 million kronor ($4.4 million U.S.), compared with operating profit of 21.4 million kronor ($2.8 million U.S.) last year. However, net financial items of 10.7 million kronor ($1.4 million U.S.) led to profit after net financial items of 23.5 million kronor ($3 million U.S.), down from 71.4 million kronor ($9.3 million U.S.) a year ago.
President and CEO Jan-Olof Brüer noted that Sectra benefited during the year from having a significant portion of its sales derived from license revenues, service, support, upgrades, and extension and expansion of its projects for existing customers.
Sectra had fourth-quarter consolidated net sales of 255.4 million kronor ($33.1 million U.S.), down 3.1% from the 263.7 million kronor ($34.2 million U.S.) in the fourth quarter last year. Fourth-quarter profit after net financial items reached 16.6 million kronor ($2.2 million U.S.), up from 7.4 million kronor ($960,000 U.S.) a year ago.
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