UPDATE 1-Assura swings to profit; confident of future prospects

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Tue Jun 29, 2010 2:58am EDT

* Says to resume dividend payments in current fiscal

* FY pretax profit 4.4 mln stg vs loss 99.7 mln stg yr ago

* Revenue rises 17.2 pct to 55.8 mln stg (Adds details)

June 29 (Reuters) - British healthcare firm Assura Group (AGRP.L) swung to a full-year pretax profit, helped mainly by lower finance costs, and said it would resume dividend payments in the current fiscal.

The UK's biggest private owner of general practitioner (GP) provider services, which did not pay a final dividend in 2009, also said it was confident of its future prospects.

For the year ended March 31, pretax profit from continuing operations was 4.4 million pounds ($6.64 million), compared with a pretax loss of 99.7 million pounds in the year-ago period.

Trading profit more than doubled to 13.3 million pounds, while revenue climbed 17.2 percent to 55.8 million pounds.

Net finance costs fell to 4.8 million pounds from 38.6 million pounds last year.

Shares of Assura, which develops and owns clinics and pharmacies, and partners doctors in providing community healthcare, closed at 42.5 pence on Monday on the London Stock Exchange. ($1=.6625 Pound) (Reporting by Anirban Sen in Bangalore; Editing by Maju Samuel)

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