Posted on 26/08/2010 in Medical Company Financials Corin has expressed satisfaction with its financial performance in the first six months of 2010 after positing a year-on-year sales increase.
The orthopaedic devices supplier accrued a sales total of 21.9 million pounds for the half-year, up by nine per cent on the corresponding period of 2009, while profits and earnings also experienced gains.
Its successful introduction of the Trinity cup and complete cementless hip system played a key role in this, with non-metal-on-metal hip product sales growing by 18 per cent as a result.
The company now plans to introduce a new knee system and additional hip system enhancements in 2011 as the next phase of its market strategy.
Peter Huntley, Corin's chief executive, said: "We have made a positive start to the second half, in line with expectations and overall the board looks forward with confidence."
Earlier this month, the company won recommendations for its Comet and MiniHip resurfacing devices from UK surgical expert Dr SJ Krikler, based on the benefits they bring to patients' quality of life. Other news stories from 26/08/2010
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