Smith & Nephew slumps to loss as surgery paused

The Daily Telegraph - Business - - Business -

Hip and knee re­place­ment firm Smith & Nephew swung to a $34m (£26m) loss dur­ing the first half of the year as the pan­demic led to the can­cel­la­tion of elec­tive surg­eries world­wide. The FTSE 100 com­pany said it will pay in­vestors an in­terim div­i­dend of

14.4 cents per share de­spite tum­bling to a loss from a $383m profit a year ear­lier. Sales fell 29pc to $901m.

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