16th May 2019 12:19
LONDON (Alliance News) - IndigoVision Group PLC said Thursday trading in the first four months of 2019 was in line with market expectations.
The surveillance systems provider, which is holding its annual general meeting Thursday, said during the period it received two large customer orders in Malaysia, both in excess of USD1 million.
The first order was for open space and car parking facilities in a commercial building, while the other is for a mass transit rail line.
IndigoVision has also completed most of the planned restructuring of its supply chain, and launched its Ultra X camera series, which is compliant with the US regulations.
Looking ahead, the group said sales are expected to be weighted towards the second half of 2019, and it expects to return to profitability in the year.
"The year has started positively and we are confident that 2019 will be another year of progress for the group," said Chief Executive Pedro Simoes.
Shares in IndigoVision were down 1.3% at 178.21 pence on Thursday.
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