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By 21 February, 2014July 13th, 2023ASX Announcements

Continued Growth Azure Healthcare(ASX:AZV) in Half Year Financial Report

Azure Healthcare Limited (ASX:AZV) is proud to announce its continued growth in revenue and profit identified in the Half Year Financial Report ended 31 December 2013. Azure Healthcare Limited has made significant progress over the past year by increasing revenue by 41.9% and Net Profit After Tax by 238.8% when compared to the same period last year.  The strategic direction adopted by the Company to become a provider of clinical workflow software and healthcare solutions is now improving our penetration of key markets and its accomplishment has resulted in increased revenue, gross margins and profitability of the company.

Austco has also increased spending in Research & Development from $1.5 million in 2012 to $2.5 million in 2013 and has developed new products and updated features and functionality to empower nursing staff with more efficient mobile solutions.

The results show that our plan to become a Clinical Workflow provider is proceeding better than expected.  Our ongoing technology investments in Tacera have allowed our business to better service customers and to get a better response to the market needs.  Of course this success could not be achieved without the support of our staff and we would like to thank our employees for all their dedication. Our thanks also go to our customers for their trust in our products and partnership. As Azure Healthcare shareholders we should be proud of the progress our company has been making. I’m sure that with your continual support, our company will keep growing and prospering in future years”, commented Robert Grey, Executive Chairman and CEO.

About Azure Healthcare Limited (ASXCode – AZV): 

Azure Healthcare Limited is an international provider of healthcare communication and clinical workflow management solutions.  The company is headquartered in Australia, has subsidiaries in six countries and supports more than 8,000 healthcare facilities through our global reseller network which includes growing markets in health, aged care and remand care. Azure Healthcare services markets including Australia, New Zealand, Canada, UK, USA, Asia and the Middle East. For further information please refer to the Company’s website

Azure Healthcare Half Year Financial Report is now available for download- Half Year Financial Report 2013-2014