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Omega Diagnostics

  • BY: Andrew Hore |
  • POSTED: 09/10/2009 |

Omega Diagnostics says that trading is in line with expectations which means that it is on course to make profit of £800,000 in the year to March 2010.

Scotland-based Omega says that its revenues were 9% higher at £2.87m in the six months to September 2009.

Revenues rose 56% to £5.4m in the year to March 2009 - like-for-like growth of 20%. Underlying profits jumped from £185,000 to £526,000.

The diagnostics company paid £400,000 Devon-based Co-Tek at the end of September. Co-Tek produces tests for diagnosing bacterial diseases. At the same time Omega raised £1m - £884,000 after expenses - at 20p a share.

At 24.5p a share, up 2p on the day, Omega is valued at £5.06m.

The interim figures will be published on 27 November. 

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