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Inspecs reports solid first quarter performance
(Sharecast News) - Eyewear designer and manufacturer Inspecs Group reported a "strong" trading performance in the first quarter on Wednesday, with revenues growing by $7.9m (£6.29m) year-on-year, to $75.1m.
The AIM-traded firm said that at constant exchange rates, revenues were up 18.5% year-on-year for the three months ended 31 March.
"This performance was achieved through both organic growth of existing entities, alongside strong starts to the year by the acquisitions made in December," the board said in its statement.
"The integration of BoDe Design and EGO Eyewear continues to progress to plan, and we look forward to providing a more detailed update on progress at the group's Final Results on 19 May."
At 0805 BST, shares in Inspecs Group were up 5.47% at 344.9p.
Latest SPEC News
- AIM WINNERS & LOSERS: Kromek wins deal; Futura Medical warns on profit
30 Jan 2025 - EXECUTIVE CHANGES: Judges Scientific chair, founding director retires
20 Dec 2024 - AIM WINNERS & LOSERS: Synectics expects profit beat; Inspecs warns
9 Dec 2024 - Inspecs shares fall after earnings warning due to slower recovery
9 Dec 2024 - Inspecs warns on FY earnings following weaker-than-expected Q4 trading
9 Dec 2024 - Inspecs profit dives but confident will meet market expectations
10 Sep 2024 - UK earnings, trading statements calendar - next 7 days
3 Sep 2024 - IN BRIEF: Inspecs falls as interim revenue expected to fall annually
6 Jun 2024
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