Healthcare services provider UDG Healthcare has reported that profits in its third quarter were "well ahead" of the same quarter last year.

The group said this reflected underling growth and the benefit of acquisitions.

The trading update did not provide financial data.

Its Ashfield division, which provides communication and advisory services, saw operating profit "significantly ahead of the same quarter last year".

Revenues in its Sharp division were ahead of the same quarter last year driven by increasing demand for the packaging of serialised biotech and speciality products. 

However, operating profit in the quarter declined compared to the prior year as additional resource inputs associated with this accelerated demand ramp up in the US commercial business negatively impacted margins. 

The update stated that Sharp is well positioned to return to normalised operating profit growth next year.

The group expects to issue its preliminary results for its financial year on November 26.