31.07.2009

Eye care firm in line with expectations

Eye care firm in line with expectations

By Alexa Kaczka

Fife-based Optos released details for the nine months ending on June 30th and said trading had adhered to expectations.

It has also completed a restructuring and struck a deal with US eye health insurance provider VSP.

According to its figures, total revenue was worth $72.2 million (£44.4 million), while it was $73.1 million (£44.1 million) in 2008.

The Herald also reported that shares in Optos rose by eight per cent or 5.5p, reaching 74.25p.

Chief executive Roy Davis said that the restructuring, plus the VSP deal to boost its Optomap eye examinations, "will certainly drive growth over the next 12 months and beyond".

Optos designs, develops and creates devices for retinal imaging to help detect eye ailments such as cataracts, glaucoma and detached retinas.

It was set up by Douglas Anderson in 1992 after his son, then aged five, lost the sight in one eye because his detached retina was not diagnosed in time.

by Emily Tait


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