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Surgical Innovations posts loss as 'widespread uncertainty' hits sales

By BFN News | 01:46 PM | Tuesday 17 September, 2019


Technology developer for minimally invasive surgery Surgical Innovations booked a first-half loss, as revenue fell and operating expenses rose. Pre-tax losses for the six months through June amounted to £0.33m, compared to losses of £0.09m on-year. Revenue fell 3.4% to £5.10m. 'The results reflect a difficult trading environment, which has been adversely affected by constraints in UK health spending and widespread uncertainty,' the company said. 'We have continued to invest in people and product development, gained in market share, and ensured that the business is well placed to benefit from an upturn.' At 1:46pm: (LON:SUN) Surgical Innovations Group PLC share price was -0.05p at 1.95p Story provided by StockMarketWire.com

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