Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

Eye scanning company Optos sees profits increase

Optos products are sold throughout the world.
Optos products are sold throughout the world.

Pre-tax profits at Fife retinal imaging company Optos almost doubled in the first full year of ownership by Nikon.

The Dunfermline firm, whose equipment produces high resolution digital images of the retina, saw its revenue top $100 million for the first time in a year where its production costs reduced.

Turnover for the year ending March 31 was $102.9m, a 26% increase from $81.9m in 2016. Pre-tax profits jumped from $15.8m to $28.8m.

The business, based at Carnegie Business Campus, was bought by the Japanese camera maker for £259m in May 2015.

Its technology provides a bigger picture and more clinical information for the early detection, management and effective treatment of disorders and diseases. These include retinal detachments and tears, glaucoma, diabetic retinopathy and age-related macular degeneration.

Company chief executive Robert Kennedy said profits had increased as a result of “increased intercompany sales, continued production efficiency and product cost reduction”.

He stressed the importance of the company continuing to invest in research and development.

He said: “The directors are pleased with the progress being made in terms of the future product roadmap.

“The company continues to invest in the enhancement of our existing products and in the development of a number of new products and software tools.

“The launch of the new products must meet the required specifications, costs and timescales and a key element of this risk continues to be obtaining the appropriate regulatory clearances.

“Product launches also increase the potential risk of inventory obsolescence for the older products.

“The risk that a third party may produce a more advanced product with improved functionality, or a similar device with a significantly lower build costs is constant.

“The company ensures continual investment in research and development, developing the quality and functionality of its products and in the clinical department to demonstrate the clinical efficacy and superiority of its devices.”

The company reports its income in US dollars as that is the currency in which the majority of its revenues and costs arise.

rmclaren@thecourier.co.uk