12th Nov 2013 10:48
LONDON (Alliance News) - Synergy Health PLC Tuesday increased its interim dividend after it saw increased revenue and pretax profit in the half-year ended September 29.
The healthcare services company proposed an interim dividend of 8.57 pence, up 8.5% from 7.90 pence. Synergy Health posted revenue of GBP192.1 million, up from GBP171.6 million in the previous year. Pretax profit was GBP21.4 million, up 20% from GBP17.8 million in the previous year.
In the Americas, revenues increased 87.6%, driven by expansion in the region and bolt-on acquisitions, as well as increased activity in its Hospital Sterilisation Services business. In Asia and Africa revenue increased 7.6%, boosted by a 20% increase in Hospital Sterilisation Services revenues in China. Revenues increased 1.5% in the United Kingdom and Ireland despite spending constraints in the NHS, Synergy said, and in Europe and the Middle East revenue decreased by 1.1%.
The company warned that its Dutch linen service, which saw declines originating from price competition over the past two years, was depressing headline growth for the company and could continue to hamper it in the second half.
Synergy said that it expects earnings for the year ended March 30 2014 to be in line with expectations.
Shares in Synergy Health were trading up 3.80 pence at 1,065.80 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright © 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
SYR.L