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Interim Results

AMS adjusted pre-tax profits rise

13 September 2017 07:23

Adjusted pre-tax profits at Advanced Medical Solutions Group rose to £11.5m in the six months to the end of June - up from £9.5m last time.

Group revenues rose to £45.9m - up 17% on a reported basis and 8% at constant currencies.

Pre-tax profits of £11.4m were up from £9.0m a year ago.

The group has declared an interim dividend of 0.35p per share - up 17%.

Chief executive Chris Meredith said: "The group has delivered another good set of results and we are confident of meeting Board expectations for the full year.

"Sales of LiquiBand are strong in all main markets. All of our brands have made good progress and have shown improved performance as a result of our marketing initiatives.

"We remain optimistic about our organic growth prospects and our innovative R&D pipeline and continue to closely monitor and evaluate acquisition opportunities to capitalise on our strong financial and strategic position."

Story provided by StockMarketWire.com

Related Company: AMS

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