Image Scan expects to see 'material improvement' in performance after losses widen on lower sales

Tue, 3rd Dec 2019

X-ray screening systems supplier Image Scan reported wider losses on lower sales, though said it expected to see a 'material improvement' in performance in the current financial year. For the year ended 30 September, pre-tax losses widened to £401.8K from £201.8K on-year as revenue fell 32% to £2.4m. The company blamed the fall in revenue on delays in government orders and a fall in sales to the Indian subcontinent where, for the second year, budgets had been tight. Image Scan said it was 'disappointing' to be reporting a decline in sales and profits, but saw its performance improving following a strong start to the new financial year. At 8:56am: (LON:IGE) Image Scan Holdings PLC share price was +0.25p at 3.15p Story provided by StockMarketWire.com

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