Immunodiagnostic lowers revenue guidance

Immunodiagnostic Systems (IDS), a producer of manual and automated specialist diagnostic testing kits, reported a decline in unaudited revenues for the five months ended August 31st.

Immunodiagnostic Systems (IDS), a producer of manual and automated specialist diagnostic testing kits, reported a decline in unaudited revenues for the five months ended August 31st.

Turnover was down to £19.9m from £22.7m in the same period the previous year, partly the result of an adverse £0.5m impact of exchange rate differences between the two periods. It expects the impact of exchange rates compared to the prior year to continue to have an adverse effect on full year revenues, but the impact on earnings is expected to be mitigated to some extent as the cost base of the group's foreign currency denominated operations will generate a favourable variance.

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