US medical technology company Convatec has further reduced its losses in 2012. So far, the company has completed the first nine month of its 2012 fiscal year. An operational profit of $160.2m (9.9%) contributed to a reduction of debts down to $176.4m. In the same period in the previous year debts amounted to $228.7m.
The company based in Skillmann (New Jersey) increased sales, too. Business volume after 9 months was $1,181bn (+ 1.8%). Business volume of the business divisions dispersed as follows:
- Ostomy: $462m (+5.2%)
- Wound management: $374m (+1%)
- Incontinence & Critical Care: $153m (-11.7%)
- Infusion/Industry: $192m (+8.1%).
Since January Convatec has expanded further in the US and Great Britain. They have acquired four companies. Among them are: British supplier of ostomy products British Trio Healthcare Inernational Limited, British homecare service provider SureCalm Healthcare and US homecare service provider 180 Medical.
[ilink url=“http://www.convateccorporate.com/wp-content/uploads/2011/04/2012-Third-Quarter-Report.pdf“] Link to source (Convatec)[/ilink]