Advanced Medical Solutions Group plc (AMS.L), a manufacturer of innovative tissue-healing technology, Wednesday reported significantly higher pre-tax profit for the first half, led by increased revenue.
Looking ahead, the company said its Board remains confident of delivering full-year 2025 revenue and EBITDA in line with expectations.
On the London Stock Exchange, the shares were trading 2.4 percent higher at 212 pence.
For the first half, the company's profit before tax increased 49% to 8.46 million pounds from 5.70 million pounds for the same period last year.
Profit for the period attributable to equity holders improved to 6.21 million pounds or 2.84 pence per share from 4.18 million pounds or 1.92 pence per share a year ago.
The company's adjusted profit before tax went up 11 percent to 16.4 million pounds from 14.8 million pounds last year. Adjusted earnings per share went up to 5.67 pence from 5.21 pence a year ago.
Revenue from continuing operations went up 63% to 110.77 million pounds from 67.99 million pounds last year.
Further, the company said its Board intends to pay an interim dividend of 0.85 pence per share, a 10% increase year-over-year, reflecting the future growth. The dividend is payable on October 24 to shareholders on the register at the close of business on September 26.
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