14th May 2015 08:08
LONDON (Alliance News) - Scientific Digital Imaging PLC Thursday said it expects pretax profit for the financial year that just ended to be in line with its own expectations while earnings excluding reorganisation costs will be ahead of management's previous expectations.
The digital imaging technology company said all product lines had contributed to higher revenue in the second half of the year that ended April 30, and it had continued to actively control costs.
"Investment in our sales channels, the continued development of our products to meet our customers' current and future needs, and a controlled cost base have resulted in an improved second half. The board looks forward to the new financial year with confidence," Chairman Ken Ford said in a trading update.
The company will publish its full-year results in July.
FinnCap was expecting the company to report a pretax profit of GBP0.3 million, according to data on Morningstar.
The company reported a pretax loss of GBP38,000 in its previous financial year on revenue of GBP7.0 million, compared with a profit of GBP213,000 on revenue of GBP7.7 million a year before that.
Its shares were up 27.9% at 10.55 pence early Thursday, making it one of the best performing stocks in the AIM All-Share index.
By Steve McGrath; [email protected]; @stevemcgrath1
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
SDI Group