Strong sales prove a tonic for Seton
Tuesday 23 May 1995
Turnover rose 24 per cent to pounds 61.2m. The company said 10 per cent of the increase was due to organic growth, mainly from over-the-counter products and medicines that do not require prescriptions.
Seton said the market has continued to expand. Roger Humphreys, finance director, said: "The new year has started well and we hope to see a repeat of the 10 per cent organic growth experienced last year."
OTC sales now accounted for 40 per cent of the company's turnover compared with 35 per cent in the previous year.
Acquisitions added about 14 per cent to turnover. The company raised pounds 28.6m in December to fund seven acquisitions, including a pounds 13.8m deal to acquire NAPP headlice brands.
It attributed the increase in organic growth to its investment in marketing and sales staff. They now number 100, double the figure at the time of Seton's flotation in 1990.
Seton sportswear brands, which include Sondico goalkeepers' gloves and footballers' shin-pads, also performed well.
Fully diluted earnings per share are 21.6p, up 19 per cent. The dividend for the year is 7.1p, up 15 per cent.
- 1 Video of Irish 'professional boxer' fighting Istanbul neighbourhood goes viral in Turkey
- 2 Novel Scarlett Johansson tried to ban, Grégoire Delacourt’s The First Thing You See, to be published in UK
- 3 A pint of water every day is the key to losing weight, scientists say
- 4 Russia 'accidentally reveals' number of its soldiers killed in eastern Ukraine
- 5 Carol Vorderman reveals she is 'covered in burns' after she fell off her treadmill while running naked
Video of Irish 'professional boxer' fighting Istanbul neighbourhood goes viral in Turkey
Nazi gold train: 'Significant' discovery made in Poland
Russia 'accidentally reveals' number of its soldiers killed in eastern Ukraine
Carol Vorderman reveals she is 'covered in burns' after she fell off her treadmill while running naked
TTIP controversy: The European Commission and Big Tobacco accused of cover-up after heavily redacted documents released
Dresden riots: Protesters in Germany attack refugee buses shouting 'foreigners out'
France train shooting: US soldiers speak of the moment they stopped gunman and 'beat him until he was unconscious'
Labour leadership: Jeremy Corbyn accused of 'deluding' young supporters with 'claptrap'
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Iain Duncan Smith calls for urgent ESA overhaul as part of drive to cut down welfare costs
iJobs Money & Business
£13000 - £25000 per annum: Recruitment Genius: Would you like to be part of a ...
£20000 - £25000 per annum + competitive: SThree: Are you passionate about sale...
£25000 per annum + benefits: Ashdown Group: A large financial services company...
£20400 per annum: Ashdown Group: An established and highly reputable organisat...