September 25, 2009 / 1:37 PM / in 8 years

UPDATE 1-Noveko Q4 loss widens on charge

* Q4 loss C$0.19/shr vs C$0.17/shr last year

* Records goodwill impairment charge of $3.6 mln

Sept 25 (Reuters) - Canadian medical equipment maker Noveko International Inc’s EKO.TO fourth-quarter loss widened, hurt by a goodwill impairment charge.

Net loss for the fourth quarter was C$12.6 million, or 19 Canadian cents a share, compared with a net loss of C$9.4 million, or 17 Canadian cents a share, in the year-ago period.

The company recorded a goodwill impairment charge of $3.6 million related to its medical equipment segment, partly to reflect the economic slowdown.

Revenue rose 45 percent to C$3.4 million.

The company said revenue from its filtration products segment increased as a result of the acquisition of Micron-Air and Purer Life and the new distribution agreements in the livestock farms market.

Shares of the Montreal-based company fell 3 percent to C$2.25 in early morning trade Friday on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Anne Pallivathuckal) ((isheeta.sanghi@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: isheeta.sanghi.thomsonreuters.com@reuters.net))

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