Scotland business

Omega Diagnostics says profits 'holding up'

Image caption Omega specialises in allergy, food intolerance and infectious disease testing

Medical testing firm Omega Diagnostics has announced it is on course to record a solid annual performance.

The company, which makes testing kits for allergies, food intolerance and infectious diseases, said it expected pre-tax profits to reach about £800,000 for the year to the end of March.

Revenue is forecast at £11.26m, slightly up on the previous year.

Clackmannanshire-based Omega said it had achieved profitability despite "challenging economic conditions".

Its results were boosted by a strong performance in India, where the company started direct sales at the end of July 2012.

Total sales in India reached about £400,000, which Omega said had "vindicated" its decision to "go direct" in the country.

Omega, which is based in Alva, also reported that the food intolerance market had continued to grow despite pressures on consumer spending.

Sales in the sector grew by 13% to £4.39m for the year.

Commenting on the trading update, chief executive Andrew Shepherd said: "We are pleased with the performance of the business and to have managed profitability in challenging economic conditions."

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