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Inspecs Group PLC - Bath, England-based eyewear company - Narrows pretax loss in 2021 to $9.1 million from $11.2 million the previous year. Revenue multiplies to $246.5 million from $47.4 million. Cites its acquisitions during the year for the increase, in particular its buy of Eschenbach in late 2020. Number of eyewear units sold globally more than doubles to 10.4 million from 4.9 million. Enhanced operations in Vietnam results in supply increasing 72%. Proposes a maiden dividend of 1.25 pence per share.
‘The acquisitions of BoDe, EGO Eyewear and Hardy Amies have diversified our brand portfolio and broadened the distribution of our products around the world. In addition, we have invested in our manufacturing facilities in order to enhance our production capabilities,’ said Chief Executive Robin Totterman.
Current stock price: 270.00 pence, down 5.9% in London on Wednesday
12-month change: down 29%
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