MEDIVAC IMPROVED RESULT
Healthcare solutions company MediVac Limited [ASX:MDV] announced today that it expects its full-year results for FY 2011 to show a 20% to 25% improvement (reduction in net loss) compared to the 2010 year.
Executive Chairman Paul McPherson said the expected reduction in net loss is the result of a rigorous focus on cost reduction and containment, whilst still investing to complete its two core development initiatives.
"Our recent completion of the new MetaMizer 240SSS and positive progress on SunnyWipes now puts us in a position to focus on revenue growth in FY 2012. We are excited with the demand for our products and we will now be concentrating on building assembling capability and inventories to meet market demand", he said.
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