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Advanced Medical Solutions annual profit falls 58% as pandemic impact hurts sales
StockMarketWire.com
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Surgical and advanced woundcare specialist company Advanced Medical Solutions company as the pandemic impact weighed on sales.
For the year ended 31 December 2020, pre-tax profit fell 58% to £10.1 million year-on-year as revenue slipped 15% to £86.8 million.
'As previously announced, and in line with consensus market forecasts, on a group level, sales and profitability were heavily impacted by COVID-19,' the company said.
Its surgical and woundcare businesses saw revenue down 11% and 20% respectively as Covid-19 weighed on sales activity.
Looking forward, the company said it saw a 'continuing gradual recovery over the last two quarters of 2020 and 2021 has started well with a healthy order book in both business units.'
At 9:32am: (LON:AMS) Advanced Medical Solutions Group PLC share price was 0p at 208p
Story provided by StockMarketWire.com
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