22nd Feb 2019 09:53
LONDON (Alliance News) - Inspiration Healthcare Group PLC said Friday it performed well in financial 2018, despite a "difficult environment".
The medical technology supplier expects to report revenue of GBP15.5 million for the year ended January 31. Inspiration Healthcare said its revenue was "constrained by well publicised regulatory delays".
The firm expects to report pretax profit of GBP1.2 million, in line with management expectations.
In financial 2017, Inspiration Healthcare recorded pretax profit of GBP1.2 million on revenue of GBP15.5 million.
Chief Executive Neil Campbell said: "We go into the new year with a very strong order book and look forward to building on our international successes of last year. We now have a strong management team in place, increasing interest for the new products we launched last year and I believe we are well placed to achieve double digit revenue growth going forward."
Inspiration Healthcare is expected to release its results for the period ended January 31 on April 30.
Shares in Inspiration Healthcare were down 5.8% Friday at 57.02 pence each.
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