BTG returns to profit but forecasts flat sales in current year
UK specialist health care firm BTG (LSE: BGC) announced its final results for the year ended March 31, 2012, with revenues leaping 77% to £197 million ($311.4 million). However, for the coming financial year, the company anticipates that revenue will be in the range £180 million to £190 million.
Operating profit before acquisition adjustments and reorganization costs was £54.0 million versus £1.7 million in the 2010/11 fiscal year; operating profit after acquisition adjustments and reorganization costs was £19.9 million compared with a loss of £13.8 million. Profit before tax came in at £23.0 million versus a loss of £10.8 million.
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