2017 has been a great year for many ASX investors.
And these three shares have performed particularly well.
Integral Diagnostics Ltd (ASX: IDX)
The Integral Diagnostics Ltd share price has gained about 88 per cent in the past year with shares in the company now trading at around $2.20.
For financial year (FY) 2017 the healthcare company which provides diagnostic imaging services reported revenue of about $180 million, an increase of about 7 per cent.
Integral’s profits came in at $15.5 million for FY 2017, down from $17 million recorded the year before due to expansion costs, according to the company.
Part of the drop in profit can be attributed to the company’s acquisition of South West MRI/Western District Radiology, refurbishment of the company’s facilities at Pindara Private Hospital and investment in new MRI machines and facilities at Robina and John Flynn hospital.
Appen Ltd (ASX: APX)
It’s been a good year for Appen shareholders who have enjoyed returns of about 190 per cent.
Appen has expanded beyond its primary work in speech and search data sets and is now involved in multiple data formats including text, audio, image and video.
The company said its operational expansion was a factor behind a rise in revenue of 39 per cent to $74 million for the half year ended 30 June 2017.
Updater Inc (ASX: UPD)
Updater shares have gained more than 208 per cent in the past year and are now trading for about $1.45.
The company has had a lot to say about the success of its pay TV business in the United States and investors seem to be encouraged by the company’s prospects.
And although Updater, with a market value of almost $470 million, is yet to show any clear signs that it will soon be translating its positive developments into profits, investors have clearly demonstrated faith in the company’s ability to provide returns.
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Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Appen Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.