Convatec Group PLC (CTEC.L), a medical products and technologies company, Tuesday reported profit before taxes of $137.4 million for the first half, higher than $104 million in the comparable period last year.
Excluding one-time items, adjusted profit before taxes increased to $216.6 million from $182.3 million a year ago.
Operating profit grew to $179.2 million from $149.2 million in the prior year, and adjusted operating profit was 251.8 million, up from 222.8 million.
Net profit rose to $104.8 million or 5.1 cents per share from $78.6 million or 3.8 cents per share last year.
Adjusted profit was $164.6 million or 8 cents per share, higher than $139.1 million or 6.8 cents per share a year ago.
Revenue for the period increased to $1.179 billion from $1.113 billion in the previous year.
The Board has declared an interim dividend of 1.877 cents per share, 3% up from last year, to be paid on October 1, to shareholders of record on August 22.
Looking ahead, the company has reaffirmed its full-year outlook. It expects organic revenue growth excluding InnovaMatrix to be in the range of 5.5%-7%. EPS for the year is expected to grow in double digits.
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