Swedish technology developer Sectra reported solid growth in revenues in its medical division in the company's fiscal 2006 third quarter (end-January 31).
For the period, Sectra's medical systems unit reported sales of 150.6 million kronor ($21. 3 million U.S.), a 15.4% uptick compared with the 130.5 million kronor ($18.5 million) posted in the same period a year ago. The division's operating profit decreased to 19.3 million kronor ($2.7 million), compared with an operating profit of 22.1 million kronor ($3.1 million) the year before.
The Linköping-based firm noted that its third-quarter profit margin for the division was impacted by the cost of its investments in the medical market.
By AuntMinnie.com staff writers
March 6, 2007
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