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Home Business News Fertility treatment firm Monash IVF in profit plunge as pandemic prevents surgery...

Fertility treatment firm Monash IVF in profit plunge as pandemic prevents surgery – Townsville Bulletin

Fertility treatment company Monash IVF has reported a 41 per cent plunge in full year earnings after the coronavirus pandemic caused suspension of all non-urgent elective surgery.
Net profit for 2019-20 was just $11.7 million, with the company saying the suspension resulted in a 71 per cent fall in stimulated cycles at Australian clinics and a 76 per cent decline at Malaysian facilities in April and May.
Monash IVF said ultrasound clinics remained open and scan volumes fell slightly but costs …

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