14th Mar 2016 07:58
LONDON (Alliance News) - Focusrite PLC on Monday said revenue in the first half of its financial year will be in line with expectations.
The music and audio products supplier said revenue in the six months ended February 29 will be around GBP26 million, up from the GBP24 million it made in the same period the year before, and in line with expectations.
"Since the start of the financial year, new products, backed by positive industry and consumer acceptance, have continued to gain market share in our key geographies. Existing products also continue to perform well and, overall, we achieved double digit revenue growth in quarter-two," Chairman Phil Dudderidge said in a statement.
"The group's significant investment in research and development will ensure further new product launches and upgrades to existing products in the second half. This will underpin our consistent record of revenue growth," he added.
Focusrite will issue its first-half results in the final week of April.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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