16th Mar 2016 10:00
LONDON (Alliance News) - Surgical and wound care products developer Advanced Medical Solutions Group PLC on Wednesday said pretax profit and revenue grew in 2015, prompting a dividend hike.
The company said pretax profit for the year to the end of December grew to GBP17.0 million from GBP15.2 million in 2014, up 12%, as revenue rose 9.0% to GBP68.6 million from GBP63.0 million.
Advanced Medical will pay a final dividend of 0.55 pence, taking its total dividend up to 0.80p from 0.70p, a 14% rise.
Good sales progress was made across the business in the year, with good progress made by its ActivHeal products in the UK's National Health Service and robust performance in the US from its LiquiBand tissue adhesive range.
"We have delivered another strong year of growth and are pleased to report that all of our business units are performing well despite some challenging currency conditions," said Chief Executive Chris Meredith.
Advanced Medical shares were up 0.6% to 185.67p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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