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Trading Statement

13 Oct 2008 07:00

RNS Number : 6411F
Immunodiagnostic Systems Hldgs PLC
13 October 2008
 



Immunodiagnostic Systems Holdings plc

Pre - Close Trading Update 

Immunodiagnostic Systems Holdings plc ("IDS" or "the Company"), a leading producer of diagnostic testing kits for the clinical and research markets, is pleased to announce that turnover for the first six months of this year is in line with management expectations. Sales are up 84.5% compared to the same period last year and on a pro-forma basis the comparative is 21%. The continued growth in the business reflects the increasing clinical recognition of the value of Vitamin D not only as a marker of bone disease but also its value as a marker of general well-being.

The development of assays for the IDSiSYS, previously referred to as the 3x3, continues apace and we anticipate the first commercial shipments of both the IDSiSYS instrument and the Company's flagship Vitamin D product to commence in January 2009. 

Discussions with regard to the disposal of the Company's haematology business continue to advance and the market will be updated when appropriate.

Trading continues to be in line with expectations and the Board remains confident for the financial year as a whole to 31 March 2009.

IDS will announce Interim Results for the six months ended 30 September 2008 during December 2008. 

 For further information:

Immunodiagnostic Systems Holdings plc

Tel: 0191 519 0660

Roger Duggan, Chief Executive Officer

Paul Hailes, Finance Director

Oriel Securities Limited 

Tel: 020 7710 7600

(Nominated Adviser and Broker)

Andrew Edwards, Gareth Price, James Nevin

Parkgreen Communications Limited 

Tel: 020 7933 8787

Paul McManus

Mob: 07980 541 893

paul.mcmanus@parkgreenmedia.com

Ben Knowles

Mob: 07900 346 978

Ben.knowles@parkgreenmedia.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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