Del Medical Systems Group reported sales of $56.1 million in fiscal 2003, up 2% compared with fiscal 2002. The gains were primarily attributable to approximately $5.2 million from a favorable exchange-rate effect, however.
At constant dollar-to-euro exchange rates, fiscal 2003 sales would have dipped by approximately $4.1 million, according to the Valhalla, NY-based vendor. For the year (end-August 2), the company had an operating profit of $1 million.
In other developments, Del said it had received an $8.5-million order from Instituto Mexicano del Seguro Social (I.M.S.S.) for 22 of its Mercury remote-controlled digital radiographic/fluoroscopic systems. Del expects to deliver and install the systems in fiscal 2004.
Del also received a $1 million order from the government of Vietnam to supply various radiographic and remote R/F systems. The systems are also scheduled for delivery during fiscal 2004.
By AuntMinnie.com staff writersNovember 4, 2003
Related Reading
Schneider takes helm at Del, October 13, 2003
Del terminates shareholder plan, revises Q4 outlook, July 30, 2003
Del Q3 sales slip, June 24, 2003
Del delays 10-Q filing, June 19, 2003
Del gets new board, June 4, 2003
Copyright © 2003 AuntMinnie.com
