January 23, 2018 / 12:14 PM / 3 months ago

BRIEF-Smith & Nephew Sees Corporate Tax Rate On Trading Results In 20-21 Pct Range From 2018

Jan 23 (Reuters) - Smith & Nephew Plc:

* ‍SMITH & NEPHEW UPDATE ON TAX​

* ‍AS RESULT OF US TAX CHANGE, FROM 2018 NOW EXPECTS A CORPORATE TAX RATE ON TRADING RESULTS IN RANGE 20% TO 21% FOR MEDIUM TERM​

* ‍EXPECT FULL YEAR TAX RATE ON 2017 TRADING RESULTS TO BE LOWER THAN OUR PREVIOUS GUIDANCE OF AROUND 22%​

* ‍THIS IS REDUCTION OF 4 TO 5 PERCENTAGE POINTS ON OUR PREVIOUS GUIDANCE OF AROUND 25%​ Source text for Eikon: Further company coverage:

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