LONDON (Alliance News) - Cardiovascular monitoring company LiDCO Group PLC Wednesday said it remains confident of meeting market expectations for its current financial year, which ends on January 31, 2015.
In a statement ahead of the company's annual general meeting, Chief Executive Terry O'Brien said LiDCO is well-funded and expects to be debt free by the end of the financial year.
The company made its first ever pretax profit in its last financial year, and started generating cash before financing costs.
"We look forward to continued growth in profitability and remain confident of meeting market expectations for the full year," O'Brien said in the AGM statement.
LiDCO shares were up 9.9% at 19.5 pence Wednesday morning, one of the biggest gains on AIM.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
Copyright 2014 Alliance News Limited. All Rights Reserved.