Allied Healthcare Reports Loss

Allied Healthcare Products Inc. reported a net loss of $411,032 for its fiscal 2013 first quarter ended Sept. 30, wider than the net loss of $144,968 in the prior-year quarter, mostly on sales dampened by the restrained economy and uncertainties in the U.S. health care market about future national policy, it said.

The St. Louis company, which has nearly 300 employees and makes respiratory products used in the health care industry, reported net sales of $9.3 million in its first quarter, down 18 percent from the prior-year quarter.

Read more on St. Louis Business Journal.


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