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IN BRIEF: Advanced Medical Hit By Covid-19 In First Half

16th Sep 2020 15:28

Advanced Medical Solutions Group PLC - Cheshire-based woundcare products firm - Revenue in six months to June 30 down 19% to GBP39.3 million from GBP48.7 million a year earlier. Pretax profit drops 62% to GBP4.3 million from GBP11.2 million. Holds payout at 0.50p per share. "The group has faced an unprecedented first half of the year as a result of the severe impact on our core markets arising from the Covid-19 pandemic," Chief Executive Officer Chris Meredith said.

Current stock price: 238.50 pence

Year-to-date change: down 19%

By Eric Cunha; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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Advanced Medical Solutions Group
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