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IN BRIEF: Advanced Medical Profit Tops Forecasts But Revenue Lags

12th Jan 2021 11:49

Advanced Medical Solutions Group PLC - Cheshire-based woundcare products firm - Expects adjusted pretax profit for 2020 slightly ahead of market forecasts, though revenue will be slightly below consensus at GBP86.5 million, down 16% from 2019. Adjusted pretax profit in 2019 amounted to GBP26.6 million. AMS said it was hurt by Covid-19 restrictions disrupting "entire global market" and slowing down treatment volumes.

Current stock price: 235.00 pence

Year-to-date change: down 3.3%

By Eric Cunha; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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Advanced Medical Solutions Group
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