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Business Update
Compumedics releases financial results, record sales
December 24th, 2006
Compumedics Limited (CMP) reports a recovery in the group's performance that was evident in the return to profitability in the previous six months has been confirmed with record sales this quarter. This is traditionally the company's weakest quarter due to the summer shut down in Europe and North America. This performance has been driven by the successful turnaround in the U.S. where quarter sales were up by 44% on the same period last year and were some 10% ahead of the previous record for the quarter. The company's earlier position was primarily attributable to problems in the sales organization in the U.S. and to a lesser extent due to a legal...
Source: Medical Devices & Surgical Technology Week (2006-12-24)
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