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IN BRIEF: Intelligent Ultrasound Group Sees Slight Drops In First Half

Thu, 06th Aug 2020 14:41

Intelligent Ultrasound Group PLC - Cardiff-based medical simulation and AI software provider - Pretax profit in the first half of 2020 narrows slightly to GBP1.9 million from GBP2.0 million a year prior. Revenue drops to GBP2.5 million from GBP3.1 million. Despite the impact of Covid-19, the company reduces its earnings before interest, tax, depreciation and amortisation loss to GBP1.2 million from GBP1.3 million. Pleased with relatively good trade over the period, given the challenges, but says it remains hard to predict sales with the remaining lockdown restrictions, limiting access to customers, and the potential for a second wave of the virus.

Current stock price: 11.20 pence

Year-to-date change: up 12%

By Greg Roxburgh; gregroxburgh@alliancenews.com

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