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Friday, 28 January 2011

Biosensors' Q3 net profit up, sees higher FY2011 profit

By ANGELA TAN


Biosensors International Group, Ltd reported on Friday that its net profit for the fiscal third quarter ended December 31, 2010 was US$13.34 million, compared to US$12.38 million a year ago.

Total product sales in the third quarter were US$37.86 million, up a 27 per cent from a year ago due to the continued growth in the sales of the BioMatrix. family of drug-eluting stents.

It management expects product revenues for the fiscal year ending March 31, 2011to range between US$135 million and US$145 million.

It also believes its goal of increased profitability over FY10 on an overall basis will be achieved in FY11.

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Createwealth8888:
 
Will biosensor become the 5th or 6th multi-bagger in the next few years?
 
 

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