IBA posts 2011 gains but net loss

Gains in its proton therapy division added to sales and services at Ion Beam Applications (IBA) in 2011, but the growth was not enough to avoid a net loss last year.

Sales and services in 2011 increased to 237.7 million euros ($309 million U.S.), compared with 209 million euros ($271.7 million U.S.) in 2010. The company also reported a net loss of 60.2 million euros ($78.3 million U.S.), compared with net income of 6.6 million euros ($8.6 million U.S.).

IBA attributed the net loss to its reorganization last year and a write-off of approximately 13 million euros ($16.9 million U.S.) related to the changes.

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