Smith & Nephew Fiscal Year Pretax Profit Decreases - Quick Facts

(RTTNews) - Smith & Nephew Plc (SN.L, SNN) reported profit before taxation of $714 million for the year ended 31 December 2014, compared to $802 million, a year ago. Attributable profit decreased to $501 million from $556 million. Earnings per share in cents was 55.7, compared to 61.4. Trading profit was $1.06 billion compared to $987 million, up 3% underlying and 7% on a reported basis.

Revenue was $4.62 billion compared to $4.35 billion, an increase of 2% on an underlying basis and 6% on a reported basis.

Smith & Nephew expects to deliver higher underlying revenue growth in 2015 than in 2014. The Group also expects to deliver a further improvement in trading profit margin in 2015.

The Board of Smith & Nephew recommended a final dividend of 18.6 cents per share. This, together with interim dividend of 11.0 cents per share, will give a full year distribution of 29.6 cents per share, up 8% year-on-year.