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SYR Synergy Brands

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0.00 (0.00%)
Pre Market
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Synergy Brands AMEX:SYR AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Trading Statement

03/03/2003 7:00am

UK Regulatory


RNS Number:1605I
Synergy Healthcare PLC
03 March 2003

Synergy Healthcare plc

Trading Update

Synergy Healthcare plc is pleased to announce that its Healthtex division has
been successful in winning two significant new hospital contracts (starting in
February and April 2003) with a contract value of #3.2m.  In addition, a number
of existing contracts within both its Healthtex and Surgical divisions have been
either renewed or extended adding long-term revenue to the contracted revenue
base.

The national strategy for sterile services has not yet been released although it
is believed that it will be published for consultation shortly.  Significantly,
the Department of Health has recently indicated that it is actively seeking to
develop the market in sterile services and is encouraging new entrants as well
as existing suppliers to participate in procurements.  Against this background
we remain focused on improving our business, and this has been rewarded with
increased operating margins in both the Surgical and Healthtex divisions.  The
company is also focusing some effort on PFI's where there is a strong demand for
Synergy's services and expect to make an announcement in this regard at/or
before the release of the Final results.

The Directors of Synergy remain pleased with the current performance and outlook
for the company, and are confident that the outcome for the year to 31 March
2003 will meet market expectations.

Enquiries:

Synergy Healthcare plc                                          01332 387 107

Richard Steeves - Chief Executive
Julia Wilson - Finance Director


END

                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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