Biosensors Q3 gain drops 55% to US$11.1m

BIOSENSORS International's net profit for the third quarter ended December fell 55 per cent to US$11.1 million from US$24.9 million a year ago.

Revenue crept up one per cent to US$82.5 million from US$81.3 million. This was largely due to growth in product revenue, which was offset by lower licensing revenue. Product revenue grew 6 per cent year-on-year to US$71.7 million, even as licensing and royalty revenue fell 21 per cent to US$10.8 million.

Basic earnings per share (EPS) fell to 0.65 US cents, from 1.41 US cents (before exceptional items) and 1.45 US cents (after exceptional items).