LONDON (Thomson Financial) - Healthcare Enterprise Group Plc. reported a
higher full year pretax loss and lower sales as its principal operating business
Crest Medical underperformed and the company undertook a challenging bank debt
redemption exercise through a successful and complex refinancing package.
The medical products distributor said pretax loss for the full year to Feb.
29, was 18.2 million pounds compared with a loss of 4.1 million pounds in the
same period last year.
Healthcare Enterprise said the loss included a non-cash goodwill write off
of 13.7 million pounds carried out after a detailed impairment review of the
carrying value of all its assets.
The company also said it is also seeking to introduce new management and
access to third party financing for its Ebiox and Reproductive Sciences Ltd.
businesses.
TFN.newsdesk@thomson.com
man/ajb
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|