24th May 2006 07:00
Vislink PLC24 May 2006 Vislink plc Annual General Meeting trading update - Wednesday 24th May 2006 Vislink plc ("the Group"), the leading supplier of microwave radio and satellitetransmission products for the broadcast and security markets and CCTV systemsfor the marine security market, will hold its Annual General Meeting later thismorning. The Chief Executive, Ian Scott-Gall, will give a trading update to the meetingincluding the following comments. "The Group has made a very strong start to the year. For the first four month'strading in 2006 • Order inflow is 35% ahead of the same period last year • Sales are 72% ahead of the same period last year • Adjusted operating profit for the period, being operating profit before the amortisation of acquired intangibles, is over 50% ahead of the £3.2million reported for the first six months of 2005 Both the international and domestic markets remain strong for MRC our USbroadcast business. MRC's recent success in winning two Broadcast industryawards at NAB 2006, the world's largest electronic media show, demonstratescontinued progress with new product introductions. Our UK broadcast business continues to benefit from the growth of Link Researchwith increasing demand for their new HD products and from sales growth and thereturn to profitability of Advent, the satellite communications business. Hernis, the specialist marine safety and security business, has made anexcellent start to the year with orders currently 50% ahead of the first fourmonth's of last year. Hernis continues to win significant orders from bothmarine and offshore oil and gas projects. In summary, the Board is pleased with the progress made so far this year andlooks forward to the rest of the year with enthusiasm and confidence." -Ends- For further information on Wednesday May 24th 2006, please contact: Ian Scott-Gall 01488 685500Chief Executive, Vislink plc James Trumper 01488 685500Group Finance Director, Vislink plc This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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