17th Oct 2013 07:48
LONDON (Alliance News) - Xaar PLC said Thursday that its full-year expectations remain unchanged as revenues in its third quarter continued to be in line with its half-year results.
The inkjet printing technology group said that its manufacturing expansion programme remained on track to deliver increases in capacity during the rest of 2013 and 2014. It also added that its net cash at September 30 was GBP56.6 million.
In August, Xaar reported its pretax profit for the six months ended June 30 was GBP23.36 million, up from GBP4.69 million a year earlier, as revenue rose to GBP70.23 million from GBP37.87 million.
Shares in Xaar were trading down 16.40 pence, or 2.1%, at 783.60 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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