EMIS GP software profits surge
EMIS, which supplies software to doctors' surgeries and pharmacies, has reported a slight drop in market share but revenues and profits are growing strongly.
EMIS, which supplies software to doctors' surgeries and pharmacies, has reported a slight drop in market share but revenues and profits are growing strongly.
By the end of the first half of 2012 52.2% of general practitioners (GPs) had EMIS systems installed for maintaining patient records, down from the 53.1% reported at the end of 2011.
On the financial front, though, results have been impressive with revenue growing 19% on the prior year to hit £42.3m and adjusted operating profit up 15% to £11.5m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Profit before tax climbed from £10.2m to £12.1m. The interim dividend has been announced at 7.1p per share, up 15% on 2011.
The shares had gained 3% by 11:03 and have now doubled in value since the initial flotation back in 2010.
BS
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
HSBC returns to cost-cutting plan
HSBC is set to revamp its commercial banking division – but will it come at a cost?
By Dr Matthew Partridge Published
-
UK ranked as ninth-worst country for property investment
High taxes and rising transaction costs have put pressure on the UK's buy-to-let sector. Is the UK still profitable?
By Chris Newlands Published