Weak China sentiment continues to hit Biosensors

Singapore

MEDICAL devices company Biosensors International continued to struggle with weak market sentiment in China as it reported a net profit of US$4.9 million for the three months ended Sept 30, 2014, 56 per cent lower than the US$11.3 million a year ago.

Overall revenue fell 10 per cent from US$83 million to US$74.8 million, but cost of sales increased by 9 per cent to US$20.9 million.