UDG Healthcare, a provider of services including packaging for the healthcare industry, will see its effective tax rate fall from 23% to 19% because of the recent US Tax Cuts and Jobs Act.
A significant part of UDG Healthcare's earnings come from the US.
In a trading statement, the company said its profit for the three months to December was significantly ahead of the same period last year, boosted by recent acquisitions.
It said that based on its performance during the first quarter of its financial year and the US tax benefits, it expects constant currency adjusted diluted earnings per share for the year to September to be 18% to 21% ahead of last year's earnings per share of 37.1 cents.
"The group remains active from a corporate development perspective and its strong balance sheet leaves it well placed to execute further strategic acquisition opportunities as they arise," UDG added in today's trading statement.
