Swedish imaging informatics and digital mammography developer Sectra reported fiscal 2005 second-quarter net sales of 144.7 million Swedish kronor ($18.7 million U.S.), a 21.3% upswing when compared with net sales of 119.3 million kronor ($14.9 million) in the same quarter last year, according to the firm.
For the period (end-October 31) the Linköping-based vendor said it had a net profit of 13.4 million kronor ($1.7 million), a downturn compared with net profits of 29.6 million kronor ($3.7 million) in the same period a year ago.
The firm attributed the decrease in profits to its expanded efforts in securing a position in long-term key markets. Sectra said it will continue to invest heavily in new marketing, sales, and support channels over the next one to two years.
By AuntMinnie.com staff writers
December 6, 2005
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