profit upgrade, page-44

From the half year report:

Azure Healthcare Limited continues to transition the Company from a Nurse call system manufacturer to become a provider of clinical workflow software and healthcare solutions and is further improving our penetration of key markets including North America. This is in turn resulting in improvements from the previous corresponding period with increases in revenue (up 41.9% to $16.046 million), gross margins (up from 50.02% to 57.49% in the current period) and profitability (up 283.0% to $2.168 million).

In December 2012 the Azure Group acquired the healthcare assets of Nurse call competitor Sedco Communications and this strategic acquisition continues to add sales and service growth to the Company.

With the significant increase in demand and requirement for our products in North America, the company decided to commence a second manufacture and assembly plant in the USA. This facility has now opened and will facilitate the growing US, Canadian and South American markets with reduced shipping costs, lead and transit time compared to our existing facility in Australia.

Doesnt sound like a one off, it sounds like there is an increase in demand. Healthcare is the place to be imo, as the population ages there will be an increased demand for healthcare related services.

DYOR