IN BRIEF: Surgical Innovations Interim Loss Widnes On Impairments

Tue, 08th Sep 2020 14:40

Surgical Innovations Group PLC - medical products manufacturer - Pretax loss for six months to June 30 widens to GBP2.6 million from GBP326,000 loss a year ago, mainly due to a GBP1.4 million impairment charge. Revenue down 49% to GBP2.6 million. Current quarter revenue to date improved to more than 70% of prior year comparative. Markets continuing to recover ahead of management expectations. Additional new product development growth opportunities identified.

Current stock price: 1.70 pence

Year-to-date change: down 17%

By Tapan Panchal; tapanpanchal@alliancenews.com

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