19th Jan 2015 08:43
LONDON (Alliance News) - Densitron Technologies PLC said Monday that whilst its results for 2014 will be marginally behind market expectations, it returned to profitability and saw a "substantially higher" operating profit than in 2013.
In a trading update the electronic displays company said it had seen its order-book grow by around 30% in 2014, with orders received up 17%.
As a result of the increased orderbook and pipeline of new business, Densitron said its is confident that during 2015 it will "be able to continue to build on the growth achieved during 2014".
"2014 was a difficult year to predict with several new products and services in their final development phases. I am pleased that the business has been able to convert some of these opportunities for delivery during 2014 and that the orderbook has considerably strengthened giving increased confidence for 2015," said Chairman Jan Holmstrom in a statement.
Shares in Densitron are trading flat at 5.00 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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