EMIS Group's strategy results in first half profit growth
02 Sep 2016
Healthcare software business EMIS Group has reported first-half profit growth and said it was well-placed despite the "post-referendum, political and economic uncertainty".
In the six months to 30 June 2016, the Leeds based group increased adjusted operating profit from £16.9m to £17.7m, although pre-tax profit dropped from £13.5m to £12.2m.
Revenue for the period edged up by 1 per cent to £78.7m. The rate of growth was lower than in recent periods, but EMIS said this reflected a number of factors including a limited contribution from acquisitions and also revenue headwinds in NHS spending on hardware.
Overall the group's financial performance for the half year was said to be broadly in line with the board's expectations despite some "unexpected external and internal challenges in the period".
EMIS chief executive Chris Spencer said: "Despite ongoing, post-referendum, political and economic uncertainty, the NHS continues to affirm EMIS Group's strategy of providing change-delivering digital technology helping to create faster, better, cheaper care."