Financial boom for dental equipment maker
A dental equipment manufacturer has reported a surge of profits for the first fiscal quarter 2010.
Sirona Dental Systems Inc claimed that it experienced huge financial growth in the three months ending on 31 December 2009 thanks to sales of digital imaging programs.
It earned $31.2million, around 55 cents a share, which was a huge increase from the $5.6million it earned in the same period in 2008.
Its overall revenue grew 20 percent from $179.7million to $214.8million.
Dentists use Sirona’s top-selling digital imaging systems in a number of procedures including veneers, bridges and crowns.
The company also reported a gain worth $633,000 in foreign currency transactions and a $1 million rise from derivative instruments.
It expects revenue to continue to grow between 4 and 6% in 2010.
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