Smith & Nephew Plc report 7.6% decline in revenue

May 07, 2020 03:14 AM AEST | By Team Kalkine Media

Google News:

Recent News

Archer Joins Transportation Secretary and Acting FAA Administrator To...

Klas receives NIAP Common Criteria (CC) Certification for the VoyagerV...

Truist raises Etsy price target as Q2 revenue tracks ahead of expectat...

Acorn Secures $12.3 Million to Reimagine Workforce Development with AI

Smith & Nephew Plc (LON: SN.) has released its trading statement for the Q1 ended 28 March 2020.

The revenue for the reported quarter declined by 7.6 per cent to $1,134 million as compared to $1,202 million in 2019 (on underlying basis), consistent with 30 March trading update.
The Reported growth was down by 5.7 per cent including a (-)3.4 per cent benefit from acquisitions and (-) 1.5 per cent foreign exchange headwind.
The company has reported that it was having a strong balance sheet and good liquidity, with net debt of $1.8 billion at quarter end.
On 6^th May 2020, at the time of writing, GMT 08:30 AM, shares were trading at GBX 1,606.50, up by 17.00 points or 1.07% against the previous day closing price.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.