Sirtex: Interim result 2013

Fast-growing companies rarely rise in a straight line. Jason Prowd outlines why we're still backing Sirtex following a less than impressive interim result.

Sirtex Medical posted another record half of dose sales, which rose 31% to 3,522 for the half-year ended 31 December. This translated into revenue of $46.0m, up 25% for the period, and net profit of $7.8m, a rise of 28%. Earnings per share followed suit, rising 26% to 13.6 cents. As in the previous year, no interim dividend will be paid (although a final dividend of 10 cents was paid during the half, up from 7 cents in 2011).

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