ClearStar Beats 2018 So Far On Revenue; Strongest Month Ever In May

(Alliance News) - ClearStar Inc on Tuesday said it is exceeding 2018 so far in terms of revenue ...

Alliance News 18 June, 2019 | 2:27PM
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(Alliance News) - ClearStar Inc on Tuesday said it is exceeding 2018 so far in terms of revenue and achieved its highest ever monthly sales in May.

Shares in ClearStar were up 8.2% at 64.92 pence in afternoon trade.

Speaking at the background and medical screening services firm's annual general meeting, Chair Barney Quinn said: "With the onboarding of previously-won customers, as well as additional contracts that we've been awarded since establishing our new sales team towards the end of last year, our revenue for the first five months of 2019 increased by 14% over the same period in 2018. This includes achieving our highest ever monthly revenue in May 2019."

Direct sales and revenue from Medical Information Services is continuing to drive growth and the company has been appointed to provide background screening by an undisclosed "major shipyard". Clearstar was also chosen to provide medical and background screening - specifically, drug testing and occupational health - to a "leading animal health and mineral nutrition company .

Clearstar also got its first client in the petrochemical industry when its was selected to provide drug and background testing by Milestone Environmental Services.

"We are on track to achieve strong growth for full year 2019, in line with market expectations. We remain committed to growing our business and delivering value for our shareholders, who we thank for their ongoing support. The board remains excited for our future prospects and I look forward to reporting on our progress," said Quinn.

By Anna Farley; annafarley@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
ClearStar Inc 39.00 GBX 0.00 -

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