Unaudited Interim Results

Densitron Technologies plc

Unaudited Interim Results

Densitron Technologies plc ("Densitron" or "the Company" or "the Group") is pleased to announce its unaudited interim results for the six months ended 30th June 2015.

Summary

· Revenue increased by 22.6% to £11.4m (2014: £9.3m).

· Operating profit before exceptional items £0.3m (2014: £0.1m loss)

· Orderbook increased by 7.2% to £13.4m (2014: £12.5m).

Financial Summary

* After the cost of the lease surrender of the property in Newcastle totalling £0.4m

Enquiries:

Densitron Technologies plc

Grahame Falconer / Tim Pearson

Tel: 0207 648 4200

Westhouse Securities Limited

Martin Davison / David Coaten

Tel: 020 7601 6100

Chairman's Statement

Operation review

I am pleased to report that the business has continued to strengthen in the first six months of the year and has achieved a significant increase in revenues following the increase in the level of orders booked during 2014. In addition orders booked during the first half of the year have enabled the business to maintain a strong orderbook and helped to improve the visibility of the business into the future.

The operating results for the first six months of the year demonstrate the progress that the Group has made over the last 18 months. Revenues have increased by 22.6% to £11.4 million compared with £9.3 million in 2014. Gross profit has increased by 21.8% to £3.0 million compared with £2.5 million in 2014. With administrative expenses having only marginally increased by 3.2% to £2.8 million from £2.7 million in 2014, profit from operations before exceptional items achieved in the period was £0.3 million compared with a loss of £0.1 million in 2014.

At 30th June 2015 the business had confirmed orders from customers of £13.4 million compared with £12.5 million at 30 June 2014, an increase of 7.2%, demonstrating the continued progress that the business has made during the first half of 2015. These orders will be delivered during the second half of the current year and into 2016.

The second half of the year is traditionally stronger than the first half year and looking at the revenues already scheduled over the remainder of the year I would anticipate this trend continuing during the second half of 2015. For this reason the Board is confident that the business will achieve its market expectations for the full year.

The growth that has been reported in the first six months of the year has been largely from the core business with the US, France and Taiwan performing particularly strongly. The UK has continued to underperform but has revenues scheduled in the second half of the year substantially higher than those achieved in the first half of the year. I have previously reported that the business has undertaken three investments in new product lines and I am pleased to report that in the first six months of the year the Bonding line that was set up in Taiwan is now delivering good revenues. Work has continued with the other investments in Ripdraw and Densipaper to build the pipeline of opportunities and there remain significant opportunities for both of these investments to deliver a return for the Group.

Other matters

The Group retains a piece of land located at Blackheath in South East London. The Board continues to work with its advisors on realising the potential of the land and will advise Shareholders when there is further information to report.

Jan G Holmstrom

Chairman

19 August 2015

Unaudited Condensed Consolidated Income Statement

For the six months ended 30th June 2015

Unaudited Condensed Statement of Comprehensive Income

For the six months to 30th June 2015

Unaudited Condensed Consolidated Balance Sheet

As at 30th June 2015

Unaudited Condensed Statement of Changes in Shareholders' Equity

For the 6 months to 30th June 2015

Unaudited Condensed Consolidated Cash Flow Statement

For the 6 months ended 30th June 2015

Notes to the Unaudited Condensed Financial Statements

For the six months ended 30th June 2015

1. General information

Densitron Technologies plc is a public limited company incorporated in the United Kingdom under the Companies Act 2006 (registration number 1962726).

The Company is domiciled in the United Kingdom and its registered address is 4th Floor, 72 Cannon Street, London, EC4N 6AE. The Company's Ordinary Shares are traded on the AIM Market of the London Stock Exchange. The Group's principal activities are the design, development and delivery of electronic display and display related technologies.

2. Basis of preparation

This unaudited consolidated interim financial information has been prepared using the recognition and measurement principles of International Accounting Standards, International Financial Reporting Standards and Interpretations adopted for use in the European Union (collectively EU IFRSs). The principal accounting policies used in preparing the interim results are those it expects to apply in its financial statements for the year ended 31 December 2015 and are unchanged from those disclosed in the group's Annual Report for the year ended 31 December 2014.

The financial information for the six months ended 30 June 2015 and 30 June 2014 is unreviewed and unaudited and does not constitute the group's statutory financial statements for those periods. The comparative financial information for the full year ended 31 December 2014 has, however, been derived from the audited statutory financial statement for that period. A copy of those statutory financial statements has been delivered to the Registrar of Companies. The auditors' report on those accounts was unqualified, did not include references to any matters to which the auditors drew attention by way of emphasis without qualifying their report and did not contain a statement under section 498(2) - 498(3) of the Companies Act 2006.

The financial information in the Interim Report is presented in Sterling and all values are rounded to the nearest thousand pounds (£'000) except when otherwise indicated.

3. Segmental analysis

4. Taxation

Taxation for the 6 months ended 30th June 2015 has been calculated by applying the estimated tax rate for the current financial year ending 31st December 2015.

5. Dividend

The Board does not propose an interim dividend in respect of the six months to 30 June 2015 (2014: Nil).

6. Earnings per share

7. Notes supporting the cash flow statement

8. Copies of Interim report

The Interim report is available to view and download from the Company's website at www.densitron.com. If shareholders would like a hardcopy of the interim report they should contact the Company Secretary, Tim Pearson.