Medical Developments International Ltd (ASX: MVP) is a pain relief drug maker. It has a pharmaceutical drug business and, medical and veterinary equipment business. It is engaged both into manufacturing and distribution of medical and veterinary equipment, and a pharmaceutical drug. The company has three segments pharmaceuticals, medical devices and veterinary products. The company’s stock traded around $3.960 with a daily price change of -$0.020 and percentage change of -0.503%, as at August 17, 2018, market open. The annual dividend yield for the stock is 1% which is fully franked. The most recent dividend declared and paid was 2 cents with dividend ex-date as March 02, 2018 and dividend pay-date as April 13, 2018. Over the past 1 year, the stock has seen a performance change of -22%. Primarily, FDA has put the approval for clinical program for Penthrox for sale in the USA on hold and a letter outlining outstanding issues and concerns is to be issued, as advised by the FDA. For more than 30 years in Australia and with more than 6.0 million units sold, Penthrox has been used safely and effectively. The company is seeking at $4 each, 4.2 million Medical Developments shares discounted by 1%.
Meanwhile, the group has announced its FY18 results, wherein the net revenue for the year from ordinary activities has been down 4.8% while net profit after tax has plunged by 86.6%. A final dividend of 2 cents per share has been declared to be paid in the month of October 2018.
Fisher and Paykel Healthcare Corporation Ltd (ASX: FPH), a medical devices and systems player known across the world, saw its stock trading around $13.52 with a daily price change of $0.030 or 0.22%, as at August 17, 2018, market open. The Group reported an increase of 12 per cent over the previous year in the net profit after tax that amounted to NZ$190.2 million for the year ended 31 March 2018. The operating revenue was at record NZ$980.8 million, 10 per cent above the prior year, with 87 per cent of revenue contributed from recurring items, such as consumables and accessories. The Board approved an increased fully imputed final dividend of 12.50 cents per share and with this, the total dividends for the year amounted to 21.25 cents per share and it recorded an increase of 9 per cent on the previous year. Moreover, gross margin, at 66.3 per cent, increased by 31 basis points due to a favorable product mix and increased volume from the Mexican manufacturing facility.
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