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IN BRIEF: Image Scan expects profit to rise but revenue slips

23rd Oct 2024 11:24

Image Scan Holdings PLC - Leicestershire, England-based provider of X-ray screening systems - Expects full-year pretax profit to double to GBP200,000 from GBP100,000 the prior year, in line with market expectations. Revenue is expected to fall marginally for the full year to GBP2.9 million from GBP3.0 million in the previous year. The firm credits a mix of product innovation, public sector contract wins and cost control measures for its growth. Image says its cash position remains healthy, declining 4.8% to GBP912,000 at September 30, from GBP958,000 the year prior with it considering acquisition opportunities for growth.

Current stock price: 3.41 pence, up 3.2% in London on Wednesday.

12-month change: doubled from 1.70p

By Christopher Ward, Alliance News reporter

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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