Scotland business

Sales soar at Optos eye test firm

Image caption Optos increased sales by moving in to new markets in Japan, Australia and the Middle East

Fife-based retinal imaging company Optos has reported a surge in sales and a sharp rise in profits.

The company said revenues were up 35% to £91m and pre-tax profits rose by 73% to £14m.

New markets were opened in Japan, Australia and the Middle East.

The Dunfermline-based firm sells eye-testing machines which can detect high blood pressure and some cancers and recently reported positive results in a screening test for Alzheimer's.

Optos chief executive Roy Davis said: "During the last financial year we have delivered a significant increase in both revenues and profits whilst making important investments in the long term growth of the business.

"We have expanded into several new markets, whilst building our product portfolio both through acquisition and organic development."

He added: "Overall, we are pleased with our progress towards becoming the leading retinal diagnostics company and are increasingly confident about Optos's long term growth prospects."

Shares in the company rose on the news of its results.

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