19th Aug 2014 10:09
LONDON (Alliance News) - Ultrasis PLC shares were up in early trading Tuesday after the company said invoiced sales for the full-year are set to come in more than twice as high as the year before and that acquisitions it has made and contracts won are moving it towards profitability.
The healthcare company's shares were up 11.7% to 0.6425 pence in early trading, putting the stock among the top five risers on AIM.
Ultrasis said invoiced sales for the year to July 31 will be approximately GBP2 million, more than double the GBP0.7 million reported a year earlier.
The firm's Screenetics business, acquired in October last year, has secured a range of contracts which Ultrasis says could have the potential to deliver GBP10 million in new business in the next three years.
Waterloo Health Clinic, acquired by Ultrasis in January this year, has made a financially positive contribution since being bought, the firm said. Ultrasis has also made progress on the development of its online products since acquiring Step Success in October 2013. For the latter, the Ki Group joint venture formed with the National Health Service is expected to deliver "significant opportunities" in the next six months, said the company.
Ultrasis said it has made "significant progress" in the past year and is on track to hit month-on-month profitability in 2015. It said it expects the growth achieved in recent months will be sustained in the coming financial year.
By Sam Unsted; [email protected]; @SamUAtAlliance
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