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UDG Healthcare say profits beat 2013

Thursday, August 07 12:46:49

Irish-based international provider of healthcare services, UDG Healthcare, today said its revenues and adjusted operating profits for the nine months to the end of June are ahead of the same period last year.

It said that this was driven by the strong performance of its Ashfield Commercial and Medical Services division.

Performance for the quarter to 30 June 2014 has been good, it said, with revenues and profits ahead of the same period last year and with Ashfield becoming the largest profit contributing division for the first time.

Profit growth was particularly strong within the healthcare communications businesses due to a combination of organic growth and acquisitions. The North American business again performed well and the greenfield Japanese business moved into profitability in the quarter, UDG said.

"Based on the underlying trading performance we reiterate our previous guidance that we expect constant currency adjusted diluted earnings per share1 for the year to 30 September 2014 to be between 5pc and 9pc ahead of last year," its interim management statement said.

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