herald

Wednesday 7 December 2016

UDG raises its full-year forecast

profits

UDG Healthcare has raised its full-year profit forecast after adjusted operating profits in the first half of its financial year jumped 19pc to €53.6m. The figure was significantly ahead of analyst expectations.

The Irish firm, which generates about 70pc of its profits between the United States and the UK, said its revenue rose 4pc on a constant currency basis to €1.1bn in the period.

Performance was helped by the strength of the dollar and sterling against the euro over the past year.

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