Annual Reports

31 March 2008 - Sexual Health Group PLC, Financial Statements

Dear Shareholder,

I am pleased to report on the progress of the Company in what has been an other active year of  growth.

Highlights 

- Sales growth of 17.7% to £711,386
- Gross margin increased from 44.2% to 45.1%
- Losses reduced by 24.3 % to £ 173,991
- Customer service level up from 98% to 99%

The last twelve months has seen your Company progress on several fronts. We have seen a continued growth in sales whilst being able to improve gross margin, contain our costs, see a continued improvement in customer service and support, and have new products added to NHS Contracts, leading to another year of significant progress, with a further reduction in losses, ensuring that we are well on the way to a profitable future.

Activities

April 2007
The Sutherland Health division signed a 2-year contract to supply Patient Requisites and Personal Hygiene Products with NHS England. The contract, which commenced 1 April 2007, is effective until 31 March 2009 with an option to extend for a further period of 12 months. The products supplied have already been developed by the Company and are currently distributed within English NHS Trusts.

The Sutherland Health division also signed a 2-year contract to supply Pre-Operative Razors with NHS England. The contract, which commenced 1 April 2007, is effective until 31 March 2009 with an option to extend for a further period of 24 months. The Pre-Operative Razor is currently distributed within a limited number of English NHS Trusts.

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For further information on the Company visit www.sexualhealthgroup.com

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