Smith & Nephew increases its 2015 interim dividend by 7.2% in $ terms

DividendMax Ltd.

Smith & Nephew increases its 2015 interim dividend by 7.2% in $ terms

Q2 Highlights

Q2 revenue was $1,168 million, up 5% underlying and 2% on a reported basis, with -9% currency headwind partially offset by a 6% benefit from acquisitions

Advanced Wound Care improvement continues, with revenue up 12%

Emerging Markets consistently producing double-digit growth

Strong global Knee Implant performance delivers revenue growth of 7% 

H1 Highlights

H1 revenue was $2,272 million, up 4% underlying and 2% on a reported basis, with -9% currency headwind partially offset by 7% benefit from acquisitions

H1 trading profit was $512 million, up 6% underlying

Trading profit margin up 70bps at 22.5%

H1 trading profit to cash conversion ratio improved to 75% (H1 2014: 53%)

EPSA 39.1¢, up 3%

Interim Dividend of 11.8¢ per share (2014: 11.0¢)

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