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SDI - Final Results For The Year Ended 30 April 2010
19-07-2010
The Board of Scientific Digital Imaging is pleased to announce its final results for the year ended 30 April 2010. SDI designs, builds and sells scientific instruments based on digital imaging technology, predominantly for applications in the life sciences industry.
Financial Highlights
· Revenue increased by 6.4% to £7.2m (2009: £6.8m)
· Gross profit increased by 12.7% to £4.3m (2009: £3.8m)
· Operating profit before currency losses £342k (2009: £268k)
· Strong cash balance £762k (2009: 756k)
· Normalised earnings per share were 1.81 pence per share (2009: 1.07p)
Operational Highlights
· Launch of major new product, ProtoCOL 2
· Appointment of Ann Simon and Ken Ford as Non Executive Directors to the Board
· Appointment of Mike Creedon as Chief Financial Officer
· Development of a new software product for astronomical images
· Launch of the Atik range in the US
Commenting on the results, Harry Tee CBE, Chairman of SDI said, “For the fourth consecutive year we have increased revenues whilst retaining a healthy balance sheet and a strong cash position.
“Additionally, the Group has demonstrated that its markets are largely resilient to recessionary pressures.
“The Board continues to look at possible acquisition targets whilst being cautiously optimistic that its markets will remain stable and that the Group’s strategy will result in good medium-term growth.”
For full results, please click here
End
Enquiries
Bishopsgate Communications
Gemma O'Hara/Siobhra Murphy
sdi@bishopsgatecommunications.com
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