10th Jan 2019 09:26
LONDON (Alliance News) - IndigoVision Group PLC on Thursday said it expects its operating loss to reduce significantly as it reported an increase in its annual sales.
Shares in the company jumped 11% on the back of the news trading at 128.00 pence each early Thursday morning.
For 2018, the video surveillance systems producer said sales were up 9% year-on-year to USD45.9 million from USD42.1 million.
As a result, the company said it now expects to report a "significant reduction in its operating loss", which a year ago came in at USD2.4 million.
IndigoVision will publish its annual results on March 7.
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