Daysoft profits rise
Contact lens company reports a 13.2% increase in sales to £12.25m
Scottish contact lens manufacturer Daysoft has reported a 13.2% increase in overall sales to £12.25m for the 12 months ending 31 December 2016, with pre-tax profits increasing by 7.2% (£1.61m).
Increasing its dividend by 450%, stakeholders received £974,506, accounts published by Companies House show.
Daysoft attributed its positive financial performance to a number of significant investments during the year in key strategic areas, including manufacturing process enhancements, a multi-language and currency e-commerce platform, extensive cross-channel advertising and brand-building.
While £8m of the business’ income is generated within the UK, £4.25m comes from the rest of the world. Daysoft delivers to 90 countries globally.
Commenting on the positive growth, a statement from the company read: “These investments strengthen the directors’ firmly held view that the Daysoft Group has sound foundations for future profitable growth whilst giving regard to any uncertainties and opportunities associated with Brexit.”
Daysoft was founded by executive chairman Ron Hamilton in 2000.