Sales growth in its Imaging IT Solutions unit propelled PACS firm Sectra to a 20.9% increase in net sales for the first six months of its 2014/2015 fiscal year.
For the period (end-October 31), Sectra had net sales of 451.5 million Swedish kronor (48.4 million euros), compared with 373.6 million kronor (40.1 million euros) in the first six months of 2013/2014. The company had profit before tax of 81.1 million kronor (8.7 million euros), compared with 47.2 million kronor (5.1 million euros) in the same period a year ago.
Sectra's Imaging IT Solutions business generated 409.5 million kronor (43.9 million euros) in sales, up 14.8% from the 356.8 million kronor (38.3 million euros) reported in the first half of 2013/2014. Operations in the U.K. and the U.S. generated the largest sales growth, according to the vendor.
The unit had operating profit of 75.6 million kronor (8.1 million euros) in the first six months of 2014/2015, compared with 63.7 million kronor (6.8 million euros) in the same period a year ago.