Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
Canadian medical equipment maker Noveko International Inc's fourth-quarter loss widened, hurt by a goodwill impairment charge.
Net loss for the fourth quarter was C$12.6 million, or 19 Canadian cents a share, compared with a net loss of C$9.4 million, or 17 Canadian cents a share, in the year-ago period.
The company recorded a goodwill impairment charge of $3.6 million related to its medical equipment segment, partly to reflect the economic slowdown.
Revenue rose 45 percent to C$3.4 million.
The company said revenue from its filtration products segment increased as a result of the acquisition of Micron-Air and Purer Life and the new distribution agreements in the livestock farms market.
Shares of the Montreal-based company fell 3 percent to C$2.25 in early morning trade Friday on the Toronto Stock Exchange.
(Reporting by Isheeta Sanghi in Bangalore; Editing by Anne Pallivathuckal)
A team of unidentified hackers has managed to steal "confidential" global warmin...
Petrochemicals group Sasol, the world's leader in making motor fuel from coal, plans to reduce its carbon footprint by capturing its emissions, p...
Online distributor for point of sale equipment, TYSSO and Pegasus.
Partners 
|
© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
