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Home Industry News Synergy Health reports growing profits in interim report

Synergy Health reports growing profits in interim report

8th November 2010

Synergy Health has published its interim financial report for the six months ending on September 26th 2010, reporting a year-on-year growth in profits.

The outsourced healthcare support services provider posted an adjusted operating profit of 20.6 million pounds for the half-year, up by 7.6 percent compared to the corresponding period 12 months ago.

Underlying revenue also saw a year-over-year increase, with the company noting improved demand for its sterilisation and decontamination services, while also seeing benefits from its restructuring activities.

Synergy expressed confidence that it will see an increase in outsourcing from the NHS in the coming months, due to the efficiency benefits it provides in a difficult economic climate.

Richard Steeves, chief executive of Synergy Health, added: "We start the second half of the year on course to meet the board's expectations."

In September 2010, the company appointed Robert Lerwill as its new chairman, after Stephen Wilson retired from the position following an eight-year spell.ADNFCR-8000103-ID-800222548-ADNFCR

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