Healthcare and communications equipment developer TSV Holdings (ASX:TSH) said reduced demand for its products in 1H10 caused revenue to dip 0.2% to $23.8 million.
But the company recorded $700,000 in net profit, compared to $800,000 for the whole of FY09.
Profit was impacted by provisions for bad debts of $240,000 and around $600,000 in exchange rate losses, TSV said.
The company declined to give an earnings forecast, but said it plans to release a new range third-generation IP based product solutions for healthcare markets in the coming months.
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