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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Smith & Nephew Plc | LSE:SN. | London | Ordinary Share | GB0009223206 | ORD USD0.20 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 11.20 | 1.14% | 996.80 | 999.60 | 1,000.50 | 1,006.00 | 984.20 | 985.00 | 2,555,392 | 16:35:10 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Ortho,prosth,surg Appl,suply | 5.55B | 263M | 0.3011 | 33.20 | 8.73B |
From May 2022 to May 2024
By Pierre Bertrand
Smith & Nephew PLC said Thursday that pretax profit fell in the first six months of the year and backed its guidance for the rest of 2022.
The U.K. medical-technology company said that pretax profit for the first half of the year fell to $204 million on revenue that marginally increased to $2.60 billion.
For the comparable period last year, the company reported pretax profit of $223 million on revenue of $2.59 billion.
First-half trading profit--the company's preferred metric which strips out exceptional and other one-off items--fell to $440 million from $459 million the year before.
The company said its performance was affected by higher input inflation in freight and logistics.
Looking ahead, the FTSE 100 company said it now expects full-year underlying revenue growth guidance of 4.0% to 5.0% and said its trading profit margin is expected to be around 17.5%, reflecting the impact of external supply challenges and inflation.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
July 28, 2022 03:00 ET (07:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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