10th Jan 2005 07:00
Xaar PLC10 January 2005 FOR IMMEDIATE RELEASE 10 January 2005 Xaar plc POSITIVE FULL YEAR TRADING UPDATE Xaar plc ("Xaar"), the inkjet printing technology group headquartered inCambridge, UK, presents an update on performance for the full year ended 31December 2004. Xaar is pleased to announce that sales for the full year are expected to be inexcess of £35.0m (2003: £29.2m), with a profit before tax (and foreign exchangemovements on inter-company loans) ahead of expectations at slightly in excess of£6.0m (2003: loss of £1.3m on a comparable basis). Cash at the year-end wasabove £15.0m (2003: £8.5m). The outlook for 2005 is positive although the group's primary trading currency,the US dollar, remains weak. ANNOUNCEMENT OF PRELIMINARY RESULTS FOR 2004 Detailed full year results will be released on 15 March 2005. Ends Contacts Xaar plc: 01223-423663Ian Dinwoodie, Chief Executive www.xaar.co.ukNigel Berry, Group Finance Director & Deputy Chief Executive Bankside Consultants:Steve Liebmann 020-7444-4163 / 07802-888159 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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