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Cordlife Q2 earnings down 25% on margin pressure, rising costs

HEALTHCARE company Cordlife posted a net profit of $4.2 million for its second quarter ended Dec 31, 2013, 25 per cent down from a year ago, due to margin pressure and rising costs.

An increase in client deliveries boosted revenue for the quarter by 31.4 per cent to $12.1 million.

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