Smith & Nephew Q2 Pretax Profit Decreases - Quick Facts

(RTTNews) - Smith & Nephew plc (SN.L, SNN) reported that its second-quarter pretax profit decreased to $128 million from $188 million, prior year. Attributable profit was $89 million, compared to $129 million. Earnings per share in cents was 9.9 compared to 14.2, a year ago.

Adjusted attributable profit increased to $182 million from $163 million. Adjusted earnings per share in cents was 20.4 compared to 18.0, last year.

Revenue rose year-over-year to $1.15 billion from $1.07 billion. Revenue was up 3% on an underlying basis and 7% on a reported basis.

The Board of Smith & Nephew confirmed that the interim dividend for the first half of 2014 is 11.0 cents per share.

Smith & Nephew remains confident in its overall Group outlook for the full year. In terms of trading profit margin, the Group continues to expect to exceed 2013 performance.