Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Inspiration Healthcare Group PLC - Croydon, England-based medical technology company specialising in neonatal intensive care devices - In financial 2024, company swung to £6.0 million pretax loss from £76,000 pretax profit a year prior. Revenue down 8.7% to £37.6 million from £41.2 million. Administrative expenses rise 31% to £23.1 million from £17.7 million. No final dividend declared, down from 0.41p, while total dividend falls 67% to 0.205p from 0.615p. In financial 2025, management expects revenue to be weighted towards the second half.
Chair Roy Davis says: ‘Over the course of the year, we have seen underlying growth in our core neonatal and infusion businesses due to increased demand... Despite challenging market conditions, the group has a number of significant market opportunities and is well placed to deliver long-term sustainable growth.’
Company announced plans to place 17.3 million shares at an issue price of 14 pence each to raise approximately £2.4 million. In addition, directors and senior management will participate in a subscription of 535,712 shares at the same price to raise £75,000. A further retail offer, via Winterflood Retail Access platform, for up to 3.6 million shares at the issue price will raise £500,000.
Current stock price: 18.50 pence each
12-month change: down 67%
Copyright 2024 Alliance News Ltd. All Rights Reserved.