Inspecs Group plc soared over 36% on Thursday in a show of confidence for the eyewear company’s full-year trading update.
Full-year trading was in line with revised expectations, delivering group revenues of US$246mln which, while slightly lower against 2021 results, represented a 9.5% increase on a constant currency basis.
The Group anticipates beginning construction of its new manufacturing facilities in 2023 funded from free cash flow.
Latest rally aside, SPEC shares remain 78% down on a year-on-year basis with a market capitalisation of £87mln.