UK's Medica Group gains on higher annual sales
29/03/2023 10:43
** Shares of teleradiology co Medica Group MGPM.L rise as
much as 4% to 155p
** Posts FY growth due to contract wins, expansion of acute
services, and strong performance in Ireland and its U.S-based
imaging services business RadMD
** FY revenue rose 24% to 77 mln pounds ($94.88 mln); RadMD
revenue was 10.4 mln pounds, beating expectations
** Annual profit before tax rises 18% to 8.6 mln pounds
** CEO Stuart Quin says "demand for Medica's services is
higher than ever"
** Shares are up 9.13% so far this year and had fallen 13.4%
in 2022
($1 = 0.8116 pounds)
(Reporting by Anchal Rana in Bengaluru)
((Anchal.Rana@thomsonreuters.com; +91 9915609050;))