Emerging markets boost S&N
The company posted revenue of £700m, in line with market expectations, and said it is on track to make further progress during the year.
Smith & Nephew said in February it expected revenue growth this year to exceed the two per cent recorded in 2014, with a further improvement in profit margins.
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Hide AdThe company has said that its Advanced Wound Management business in Hull is set to lose 140 jobs by July 2016 as production is transferred from Hull to China in a bid to “fully utilise” all its manufacturing facilities.
But the firm said Hull remains a “major cornerstone” of the business and plans to invest $16m (£9.4m) in the plant.