Replacement Hip Firm Suffers Limp Profits Performance ; Medical

Summary

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Europe's largest medical devices firm, Smith & Nephew - which manufactures hip implants in Birmingham - said its third-quarter pre- tax profit dipped as it incurred acquisition-related and legal settlement costs of pounds 48 million.

However, the company yesterday reiterated that it was well positioned for strong revenue performance and trading margin improvement for 2007 and beyond.

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Extract

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Replacement Hip Firm Suffers Limp Profits Performance ; Medical

The group, the world's fourth-biggest maker of replacement hips and knees, posted a pre-tax pro...

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