22nd Feb 2016 07:56
LONDON (Alliance News) - Inspiration Healthcare Group PLC on Monday said it expects to outpace market forecasts for pretax profit thanks to better margins.
The company said its revenue is set to hit market expectations for the year to the end of January, but a better trading margin and deferred research and development spending will mean its pretax profit for the period will beat the market view.
Inspiration said it has been focused on merging its operating entities into two divisions, covering the supply of critical care and operating room products. It made an investment in new staff to boost the business, but this resulted in some research and development spending being deferred. This is due to come through across 2016 and into 2017.
The company will publish its annual results on April 28.
By Sam Unsted; [email protected]; @SamUAtAlliance
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