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Home Industry News Synergy Healthcare publishes trading update

Synergy Healthcare publishes trading update

10th July 2008

Synergy Healthcare has presented a trading update to its senior executive board, publishing information on sales and new contracts awarded to the firm.

The company reported a 30 per cent increase in group sales, with all company divisions continuing to perform in accordance with the trends seen in 2006.

It noted that it has been awarded four sterilisation contracts worth around 0.9 million pounds a year, increasing the value of its surgical order book by 3.4 million.

“We are also pleased to announce that the Central Lancashire National Decontamination Scheme has reached financial close,” the company said.

It added that services through the decontamination scheme will begin this autumn, while a full-service transfer will be completed within a year.

At the meeting held with the board yesterday, analysts and shareholders had the chance to meet the senior operational management team.

Last month, Synergy Healthcare announced its preliminary results for the financial year ending March 2008.

The firm reported a 47.4 per cent increase in revenues to 225 million pounds, with profits before tax up by 47.7 per cent 24.9 million pounds.

Adjusted earnings per share at the sterilisation and infection control solutions provider rose by 21.4 per cent, reaching 35.5p.

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