Agence France-PresseFebruary 25, 2014 10:11
Fresenius Medical Care, a leading supplier of dialysis machines and treatment, said on Tuesday its profit fell last year due to US healthcare budget cuts.
FMC, which publishes its accounts in US dollars, said its net profit fell by 6.0 percent to $1.11 billion in 2013.
Underlying or operating profit was rose by 2.0 percent to $2.256 billion on a 6.0-percent increase in revenues to $14.61 billion.
"With a very strong fourth quarter, we completed a sound fiscal year 2013 and achieved the targets we set for ourselves," said chief executive Rice Powell.