Trading profit edges up at Smith and Nephew
Fourth quarter sales at medical devices maker Smith and Nephew came in a touch shy of market expectations, but showed a modest improvement on the previous year's fourth quarter figure.
Fourth quarter sales at medical devices maker Smith and Nephew came in a touch shy of market expectations, but showed a modest improvement on the previous year's fourth quarter figure.
Revenue rose to $1,106m in the final three months of 2011 from $1,067m the year before; the market had been expecting $1,115m.
Trading profit edged up to $279m from $278m a year earlier, while the trading profit margin at 25.2% was ahead of the company's expectations of a figure of 24%.
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
The final dividend has been hiked by 10% to 10.8 cents per share.
More to follow ...
jh
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Six out of 10 retirees who accessed a pension didn’t use Pension Wise - how does the guidance service work?
Many pension savers don’t bother using the free government-backed service Pension Wise. So, how does it work, and could it be useful for you?
-
UK-EU trade deal: Britain to get a £9bn boost to the economy by 2040
The government’s agreement with the EU follows on from separate deals with India and the United States. Will it breathe life into the UK economy?