4th Mar 2015 09:15
LONDON (Alliance News) - Technology business Vislink PLC said Wednesday it expects its operating profit, excluding amortisation and impairment and other non-recurring costs, for 2014 to be ahead of market expectations.
Vislink said it has seen a better than anticipated operating profit from its higher-margin software business. It expects to post revenue of GBP62 million for 2014, compared to GBP59.9 million in 2013.
Vislink noted that as the proportion of business coming from its software has become more significant, the revenue it needs to achieve its profit target is changing as it achieves higher-margin sales.
"I am pleased with the Group's profit performance for 2014, which is ahead of market expectations following a better than anticipated end to the year. Trading in 2015 continues to be in line with market expectations," said Chairman John Hawkins in a statement.
Shares in Vislink are trading up 3.7% at 48.08 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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