Medic Vision H1 pretax loss widens on goodwill impairment charges
LONDON (Thomson Financial) - Medic Vision Ltd posted a wider first-half pretax loss due to goodwill impairment charges but said market opportunities for the company's services are developing in Ireland, Russia, India and Taiwan.
The company said its pretax loss widened to 3.52 mln aud from 2.80 mln, as it fully impaired the remaining goodwill of 2.45 mln aud on its acquisition of Medic Vision Health Pty Ltd based on evolving business operational strategy and estimated future cash flows from simulator sales.
However, Medic Vision said its revenues for the six months to end-December rose 30 pct to 869,255 aud. The company did not propose any dividend for the period.
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