Smith & Nephew posts 3 pct higher first-quarter revenue

April 30, 2015 6:14 AM

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LONDON, April 30 (Reuters) - Smith & Nephew, Europe's largest maker of artificial knees and hips, posted a 3 percent underlying rise in revenue for the first quarter, helped by strong growth in sports medicine joint repair and increased trade in emerging markets.

The company posted revenue of $1.1 billion, in line with market expectations according to a company-provided consensus, and said on Thursday it was on track to make further progress during the year.

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