Thursday, May 3, 2007

Smith&Nephew unveils efficiency drive, earnings up

(Reuters) - The British firm said on Thursday it planned to lift trading margins by at least 1 percent a year for the next four years by improving information technology, procurement and sales and marketing, and using more low-cost manufacturing and sourcing.

Earnings per share before goodwill and one-off items rose 18 percent to 11.2 U.S. cents in the three months to March 31, on a 12 percent rise in revenue to $744 million.


Read more at Reuters.com Market News

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