Finance Forex

Smith & Nephew profit falls on restructuring costs

Smith & Nephew Profit Falls On Restructuring Costs post is one like those Finance, Forex sorts, published just as our publisher Erick Emerson on February 7, 2019, these part can search by that hastag costs, falls, Nephew, profit, restructuring, Smith. We all pleasant to pleasant you along with providing that anothers paragraph related finance moreover I am always publishing these chapter daily.

Smith & Nephew PLC (SN.LN) said Thursday that pretax profit fell 11% in 2018 after booking restructuring costs, and despite revenue increasing.

The company said profit before tax fell to $781 million from $879 million in 2017, as revenue rose 2.9% to $4.9 billion. It attributed the decrease in profit to costs related to its accelerating performance and execution program, as well as acquisition- and disposal-related expenses.

In the year ahead, revenue is expected to grow between 2.5% and 3.5% on an underlying basis, the FTSE 100-listed medical-devices company said. Smith & Nephew sees its trading profit margin in the range of 22.8% to 23.2%.

The company declared a final dividend of 22 cents per share.

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