Trading Update 17.04.12

The Board of Sutherland Health Group announces today a trading update for the 12 months to 31 March 2012.

17 APRIL 2012
 

SUTHERLAND HEALTH GROUP PLC
 
(“Sutherland Health Group” or “the Company”)
 
PLUS Symbol: SHGP
 

TRADING UPDATE

The Board of Sutherland Health Group, a national supplier of patient hygiene, sexual health and gynaecology products to customers including the National Health Service ("NHS" announces today a trading update for the 12 months to 31 March 2012.


Unaudited management accounts for the period shows a growth in turnover of 22.8% to £902,173 compared with £734,937 for the same period last year. This has resulted in a profit of £15,200 compared with a loss of £60,024 for the comparable period of the previous year. The company has experienced positive trading during the last few months of its financial year, and subject to audit expects the return to profitability to be maintained.
 

During the current year the Company has continued to develop relationships with key pharmaceutical distributors such as Phoenix, Alliance and AAH which has resulted in increased acceptance of new products that have been introduced during the year. The Company has also seen increased activity with Amazon resulting in a growing presence in the retail market place. The company also continues to maintain a strong relationship with the NHS.
 

Chairman John French commented: "We are very pleased at the Company’s encouraging performance and return to profitability, reflecting the commitment and decisions taken by the Board to broaden our product and customer base and seek additional opportunities to take the Company forward. We expect the final audited accounts to maintain a profitable position at the year-end, leading to a positive start to the new financial year."
 

For further information:
John French, Chairman
Sutherland Health Group plc
john@sutherlandhealth.com
Tel: 07836 722 482
 

Heena Karani
Rivington Street Corporate Finance Ltd
heena.karani@rs-cf.com
Tel: 0207 562 3393
 

Notes to Editors:
Sutherland Health Group Plc is a national supplier of patient hygiene, sexual health and diagnostic products to the UK National Health Service (NHS) and other UK customers. Its aim is to supply innovative solutions to current health issues by studying current trends and working alongside leading professionals who also work within the health sector.
 

The company is committed to developing and marketing high quality brands and products that will benefit health professionals and consumers alike in many areas of health. The Group has established its own brands: Condomania® Condoms; Sutherland® Patient Hygiene and Personal Care; Lubricating Jelly; and Vision® pregnancy and gynaecology diagnostics. These products have already become established within the NHS business.
 

The Group is ISO and MHRA registered, and at present principally operates within the United Kingdom.
For further information on the Company visit www.sutherlandhealth.com

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