StockMarketWire.com - Healthcare services group UDG Healthcare posted a rise in annual profit after it incurred less one-off charges and improved its operating margins.

Pre-tax profit for the year through September jumped to $74.3m, up from $8.4m on-year, even as revenue fell 1% to $1.30bn.

Adjusted pre-tax profit rose 8% to $150.3m as the company's operating margin rose to 14.2%, up from 13.1%.

UDG declared a full-year dividend of 16.8c per share, up 5% on-year.

'2019 was another year of strong strategic progress for UDG Healthcare,' chief executive Brendan McAtamney said.

'We delivered good financial growth with adjusted earnings per share increasing by 7% on a constant currency basis, the top end of guidance.'

'Our two global platforms, Ashfield and Sharp delivered a strong performance through a combination of underlying growth and the benefit of acquisitions.

'Looking ahead to the 2020 financial year, we expect to continue to deliver good growth across our businesses, supplemented by further strategic acquisitions utilising our strong balance sheet.'






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