4th Dec 2020 15:09
Image Scan Holdings PLC - Leicestershire, England-based X-ray imaging systems provider - For full year ended September 30, swings to pretax profit of GBP112,795 from loss of GBP402,703 the year prior. This is as revenue jumps 47% to GBP3.5 million from GBP2.4 million and administrative expenses dip 5.9% to GBP1.6 million from GBP1.7 million.
Looking ahead, Chair Bill Mawer says: "We have entered the new financial year with continuing economic and political uncertainties. Without the benefit of exceptionally strong order book going into last year and the current delays in the placing of large orders, we therefore expect a challenging year ahead. However, our strong cash balance gives us confidence that we can weather these uncertainties and our expanded product range a wide market access means we are well-placed to benefit as and when activity levels return to more normal levels."
Current stock price: 2.68 pence
Year-to-date change: up 9.8%
By Ife Taiwo; [email protected]
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