Inspiration Healthcare sees sell-off despite positive update

AIM-listed medical device manufacturer Inspiration Healthcare (LON:IHC) has said that it expects to report revenues of £15.5 million and profits before tax of £1.2 million for the year ended 31st January despite regulatory delays and a difficult trading environment.

CEO Neil Campbell commented: “We go into the new year with a very strong order book and look forward to building on our international successes of last year. We now have a strong management team in place, increasing interest for the new products we launched last year and I believe we are well placed to achieve double-digit revenue growth going forward“.

Shares in Inspiration Healthcare fell by 5.75% to 57.02p (as of 9:00 GMT).