Inspecs reports UK revenue growth

Inspecs Group increased revenue by 6.1% to £111.2m in its interim results for the six months ended June 30, 2023, including 20% growth in the UK.

The eyewear and lens company said operating profit increased by 25.1% to £4.6m, gross profit margin was 51.4% and underlying earnings before interest, taxes, depreciation and amortisation increased by 5.4% to £12.1m.

Richard Peck, CEO of INSPECS, said: ‘The group has made steady progress during the period, with an improved trading and cash generation performance. We remain focused on achieving operational efficiency gains and continue to identify integration opportunities across our global trading platform.’