ClearStream Technologies doubles revenues and reverses losses


24 Mar 2011

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Wexford-based medical devices company ClearStream Technologies doubled its revenues in the first half of its financial year and posted a net profit, reversing 2009’s €0.7m loss.

The Irish manufacturer of medical devices reported a net profit of €0.12m for the half year ended January 31.

Revenues for the period rose to €9.11m.

The group, which supplies medical devices used in coronary and peripheral interventional procedures, saw an operating profit of €155,227, compared to an operating loss of €654,237 a year earlier.

"ClearStream has made a strong start to the current financial year and our results at the half year stage are comfortably in line with current expectations for the full year," said CEO Andy Jones.

Article courtesy of Businessandleadership.com

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