Updates

Synergy Health - Aims to open 13 decontamination units in China

July 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

As anticipated Synergyâ€™s full year results were very strong. Revenue grew by 7% to Â£286m, excluding a non-core business held within the UK linen division but pretax profit increased 25% to Â£32.6m resulting in a similar increase in earnings to 45p. Margins rose 100 basis points to 13.9%, driven by improvements in gross margins, which have been fully restored to 2008 levels at 36.2%Decontamination remains the success driver (sales Â£50m up 17%). Following the opening of the Chinese plant at Suzhou, Synergy said it is making good progress in terms of sales and new customer wins with the decontamination services now being provided to four acute hospitals. As a measure of ambitions, Ch ...

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AssetCo

Low & Bonar

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