Deltex Medical expects to report positive earnings as turnaround efforts continue

Wed, 22nd Jan 2020

Deltex Medical said it expected to report positive annual earnings as efforts to turnaround its business continued. For the year ended 31 December 2019, revenues fell to about £4.3m from £5m on-year. The company said the fall reflected the 'implementation of the new strategy focusing on generating profitable revenues and the cessation of the distribution of lower margin third-party products in the UK'. A reduction in low margin revenues had been offset at an operating level by the positive results of the new strategy, it added. At 9:52am: (LON:DEMG) Deltex Medical Group PLC share price was 0p at 1.4p Story provided by StockMarketWire.com

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