Finance
Panbio announces audited net profit of $351,000 for fiscal year
Published in Drug Week, October 20th, 2006
The group's global diagnostics manufacturing, distribution and sales business achieved record sales revenue of $17,280,000, an increase of 19% over 2005. As a result, this business segment produced record earnings before interest and tax (EBIT) of $1,201,000 compared to a loss of $453,000 last year.
Growth in sales in the Australia/New Zealand region, which represented 42% of total sales, accounted for one-third of the total increase. Growth in rest of world sales accounted for the remaining two-thirds.
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Source: Drug Week (2006-10-20)
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