Synergy suffers from unhealthy pre-tax profits

Adam Hignett
UK-BASED health outsourcing firm Synergy recorded slowing pre-tax profits for the year ending 29 March.

The company recorded revenue growth of 7.5 per cent year-on-year to £408.8m, up from £380.5m a year earlier, although pre-tax profits inched up by just 1.6 per cent during the period.

Last week, investors were left disappointed after a planned merger with US firm Steris was blocked by the competition watchdog.

They also took a further hit yesterday after the board announced it would not be paying a final dividend for the 2014 year.