CooperVision bucks trend

The Cooper Companies, the parent company of CooperVision, has reported an overall fourth quarter loss of $24.1m. Chief executive Robert Weiss attributed the results, in part, to the completion of a three-year ocular integration plan, which involved replacing old manufacturing equipment with newer technology.

CooperVision, however, reported a 16 per cent rise in fourth quarter revenue, boosting the 2007 fiscal revenue to $795.9m. Next year, CooperVision is predicting fiscal revenue of between $875m and $920m.

Weiss noted that CooperVision's fourth quarter revenues were strong in all markets, and the division had actually outpaced market growth. He also forecast a busy schedule for 2008.