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.

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.

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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