Inspecs Group Plc (GB:SPEC) has released an update.
Inspecs Group Plc, an eyewear company, reported a slight revenue increase to £203.3m in 2023, up from £201.0m the previous year, with a profit before tax of £0.2m, marking a turnaround from a £7.7m loss. Operational highlights include a new production facility, brand launches, and significant distribution deals set for 2024. Despite a challenging end to 2023 and a slow start in 2024, the company is seeing an encouraging trend and expects to meet market expectations for the year.
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