22nd Jul 2016 09:18
LONDON (Alliance News) - Scientific Digital Imaging PLC on Friday reported higher profit thanks to better margins in its recently ended financial year, with strong performances across its product lines.
The company said it made GBP496,000 in pretax profit in the financial year to the end of April, driven by revenue growing to GBP8.5 million from GBP7.0 million and gross margin expanding to 61.1% from 59.2%.
Scientific Digital Imaging said it saw good growth for its Synbiosis and Synoptics digital imaging technology brands in the year, accompanied by a strong performance for its Artemis CCD unit, which makes high-sensitivity cameras. Revenue also was boosted by the acquisition of Sentek, which makes sensors for water-based applications.
The company said it anticipates a further strong performance in the current financial year, boosted by growing demand for its products in North America and, in particular, in the rapid microbiology and antibiotic resistance testing sectors.
"As well as investing in its current operations, SDI will continue to assess new businesses with complementary products and plans to add further new companies to the group," said Chairman Ken Ford.
Shares in Scientific Digital Imaging were up 13% to 13.00 pence Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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