(Alliance News) - Inspecs Group PLC shares jumped on Monday, after it reported some "solid" trading in the year-to-date.
Shares in the Bath, England-based eyewear company were up 8.2% to 75.77 pence each in London on Monday around midday.
In a trading update on the nine months ended September 30, Inspecs said it delivered a "solid" trading performance, in line with its expectations.
Revenue in the period increased by 4.6% to GBP159.1 million, up from GBP152.1 million a year earlier. On a constant currency basis, its revenue increased by 2.4% to GBP155.7 million.
It added that during the third quarter of 2023, it invested a further GBP800,000 in construction of its new manufacturing facility in Vietnam. It expects to complete construction in the first half of 2024.
Chief Executive Richard Peck said: "All of the group's major markets are performing as we expected."
"Our focus on improving the group's operational efficiencies continues and, notwithstanding the ongoing macroeconomic uncertainties, with our current order book the board remains confident of delivering full year results in line with market expectations."
By Sophie Rose, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Inspecs Group (SPEC)