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The share price of Inspiration Healthcare (LON: IHC) has gained on Wednesday after the company revealed it was in line to meet management expectations with a strong order book.
The medical technology firm said the group is increasingly enjoying the gains from integrating its operations with those of S.L.E, resulting in revenues approximately 47% ahead of the equivalent period last year.
“Across the group we are seeing growth and new opportunities, we continue to have a growing level of interest in the S.L.E. range of ventilation products from all over the world as seen by the orders recently received from China as well as for our Viomedex branded disposable respiratory products, which are being introduced through our expanded distribution network,” Inspiration said in its statement.
The company is also progressing with the relocation project, despite delays due to supply chain issues around the availability of resources in the construction industry.
Neil Campbell, CEO of Inspiration Healthcare, commented: “We are extremely pleased with the way that our companies have come together over the past 12 months, the on-going integration bringing synergies and operational efficiencies are being ever more realised. With progress being made in many other areas of our business we look forward to the second half with optimism.”
The company's shares are trading at 134p, up 9.84% on Wednesday.
Inspiration Healthcare shares are traded on the London stock exchange's AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are IHC shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
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