Profits at medical firm fall by 64%

Pre-tax profits at medical firm Goodman Medical last year decreased 64% to €511,503, new figures show.

Accounts recently filed by Goodman Medical Ireland with the Companies Office show the firm sustained the drop in profit after revenues declined by 11% from €9.2m to €8.1m in the 12 months to the end of Dec 2011.

The principal activity of the Galway-based firm is the development, manufacturing, assembly, testing, packing and labelling of medical devices.