StockMarketWire.com - Teleradiology services provider Medica Group booked a 62% rise in annual profit, while announcing chief executive John Graham would stand down at some point in 2019.

Pre-tax profit for the year through December rose to £9.2m, up from £5.7m on-year.

Revenue grew 16% to £39.0m, while adjusted profit grew 13% to £10.7m.

The company declared a final dividend of 1.50p per share, bringing total dividends for the year to 2.25p, up 36% on-year.

'I felt that this was an appropriate time for me to transition the role to someone who can take the company through the next chapter of what should be a very exciting period of growth and development for the business,' Graham said.

'2018 was another year of strong progress for Medica as we again delivered double-digit revenue and profit growth.'

'We maintained our market leading position in the UK teleradiology market, increasing penetration of NightHawk and Cross Sectional services.'

'We have made further progress in the internationalisation of our services and are pleased to now offer reporting services from Australia and New Zealand.'

'2019 has started well and we expect revenue growth to remain at double digit levels similar to 2018.'


At 9:33am: [LON:MGP] Medica Group Plc share price was +2.5p at 127.5p



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