DAYSOFT, the contact lens manufacturer and e-commerce retailer, has lifted turnover and profits in its latest financial year, boosted by continuing investment across key operations of the business.
The Blantyre-based company, which makes daily disposable lenses, saw overall sales increase by 4.9 per cent to £13.5 million in the year ended December 31, accounts newly filed at Companies House show. Profit before tax edged up to £1.84m from £1.78m.
Writing in the accounts, founder Ron Hamilton said the growth was underpinned by continuing investment in the business. This included manufacturing process improvements, the development of its “multi-currency, multi-language” e-commerce platform, advertising and promotion, and investment in patent filings and design rights for its brand in major markets. Daysoft’s lenses are supplied on a direct basis to wearers in more than 90 countries.
“These investments strengthen the directors firmly held view that the Daysoft Group has solid foundations for future profitable growth,” Mr Hamilton writes. “We recognise that uncertainties associated with Brexit could be a risk to the business with around 21% of our sales coming from the EU. However, it could also be the case that there are opportunities which could arise from Brexit.”
The accounts show capital expenditure dipped to £1.4m from £1.8m, and the firm said it will exceed £1m in 2019.
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