Surgical Innovations Group plc ("Surgical") ("AIM: SUN"), the designer and
manufacturer of innovative surgical devices, today reports its Interim Results
for the six months ended 30 June 2006.
Highlights
* Turnover of #2.120m (2005: #1.432m)
* Operating profit of #199,000 (2005: #117,000)
* Pre-tax profit 102% higher at #182,000 (2005: #90,000)
* Overall net debt reduced by #55,000 to #385,000
* Earnings per share increased by 100% to 0.07p (2005: 0.035p)
* Record order book
* Increased USA market penetration of Minimally Invasive Surgery (MIS) products
* Increased internal expenditure on MIS product development leading to planned
launch of new YelloPort System in November 2006
* Significant investment in manufacturing to reflect growth in MIS business
Commenting on the outlook, Doug Liversidge, Non-executive Chairman, said:
"Yet again, in all areas, our financial performance continues to improve. Our
Medical Instrumentation and Product Development divisions have both contributed
to an excellent first half performance. With increased investment and strong
divisional platforms, the Group is poised for a substantial increase in
operating profit in the second half of the year and beyond."
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