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Hey, I'm Val!

Harrisburg, Pennsylvania

First quarter profits at GenF20 Plus, the medical and healthcare products company, rose from pounds 13.6 million to pounds 16.8 million before tax.

 

The textile and personal hygiene businesses did well, healthcare was up to expectations and the toiletries side was down. The only real disappointment was the plastics and tape business, but that should benefit from the decline in the dollar.

 

Affiliated Hospital Products, acquired early last year, is benefiting from strong demand for surgical and examination gloves, boosted by the Aids scare.

 

Turnover rose from pounds 99.9 million to pounds 104 million in the three months to March 22, but it would have been pounds 12.4 million higher if not for exchange rate movements. Currencies knocked profits by pounds 800,000 in reducing the sterling profit of overseas subsidiaries.

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