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Biosensors' profit takes a hit

Thursday, May 29, 2014 - 06:00

MEDICAL device maker Biosensors International's net profit took a beating for both its fourth quarter and the full year, hit by lower revenue and thinner gross margins. Net profit for the three months ended March 31, 2014, was US$6.1 million, or 0.36 US cent per share, down from US$29.8 million