10th Jun 2015 12:05
LONDON (Alliance News) - Densitron Technologies PLC is confident that its operating profit before exceptional items is "on tack to achieve" market expectations for the full year, Chairman Jan Holmstrom said on Wednesday.
Holmstrom said the company's trading performance so far in 2015 has been encouraging, adding that management has taken action to ensure that sales become more even across the year.
"In recent years the business has been loss making in the first half and profitable in the second half of the year," Holmstrom said.
"While the expectation is still that the second half will be stronger than the first, it is expected that the company will report an operating profit for the first half of the current financial year, compared to an operating loss in the same period in 2014," he added.
"In the last 12 months work has been done to improve the sales visibility within the business and I am pleased to report that business that has already been delivered to customers and business that has been booked and is scheduled for delivery over the remainder of the year, is approximately 10% greater than that achieved for the full year 2014. We anticipate that this will grow as further orders are booked for delivery later in 2015," the chairman said.
Densitron Technologies shares were up 1.3% at 9.75 pence on Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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