CogState (ASX:CGS) FY10 unaudited profit up 18%

CogState (ASX:CGS) FY10 unaudited profit up 18%

Computerised brain function testing company CogState (ASX:CGS) has posted an unaudited profit increase of 18% to $1.6 million for FY10.

CogState said its net profit result had been impacted by a decision to bring to account the future benefit of accrued tax losses.

Revenue grew 9.2% to $9.4 million. While some contracts had been delayed by hold-ups in clinical trials held by its customers, some of the new contracts signed late in the financial year contributed to FY10 earnings.

Although operating profit fell 58% to $500,000, this was an improvement on the company's expected operating earnings of between $200,000 and $400,000.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags e-healthfinancial resultsCogStateASX:CGS

Show Comments