Omega Diagnostics gets shot in arm from weak pound



The weakening pound is fuelling double-digit sales growth at Omega Diagnostics as the Scottish firm posted a positive trading update yesterday.
Shares in the group jumped as the Alva-based maker of medical testing kits revealed that turnover in the six months to 30 September lifted by 11 per cent on the same period last year.
Sales of £6.83 million on a constant currency basis during the period rose 3 per cent on last year due to factors including continuing strong demand in the US for food intolerance tests.
The headline turnover figure was boosted by a £500,000 contribution from the... read more

 
18 October 2016 in Business, Views: 41
Source: Scotsman
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