15th Aug 2019 11:16
(Alliance News) - Medical technology firm Inspiration Healthcare Group PLC said Thursday its first half has "started well" and it expects its results to be in line with expectations.
For financial 2019, Inspiration Healthcare expects to achieve "double-digit" growth.
Pretax profit in the company's financial year that ended January 31 was GBP1.2 million, with revenue GBP15.5 million, both broadly the same as the year before.
Speaking at the medical device supplier's annual general meeting in June, Chair Mark Abrahams said: "When we published our financial results in April, I stated that we had started the new financial year with a very healthy order book. I'm delighted to report that initial trading has been consistent with this position and remains in line with management's expectations."
Abrahams said the company's "significant" investment made over the past two years has put the company in a "strong position" to increase sales of its higher-margin Patient Warming System products and to increase revenue.
Shares in Inspiration Healthcare were 1.8% higher in London on Thursday at 64.16 pence each.
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