StockMarketWire.com - Medical technology distributor Surgical Innovations Group posted a rise in annual profit after its sales recovered in the second half.

Pre-tax profit for the year through December rose to £515k, up from £371k on-year.

Revenue rose 25% to £11.0m, while adjusted pre-tax profit rose 30% to £1.4m.

'I am pleased to report that the anticipated sharp recovery in performance in the second half of the year has been achieved, and the group delivered strong results for the year,' chairman Nigel Rogers said.

'The market share momentum we achieved in the second half of the year has carried on into 2019, and we are confident about the outlook for the full year.'


At 9:48am: [LON:SUN] Surgical Innovations Group PLC share price was +0.2p at 3.65p



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