LONDON (ShareCast) - Security camera outfit Indigovision Group achieved record full year sales, margins and profits and has made a good start to the new financial year.

Profit before tax virtually tripled to £2.04m in the year to 31 July from £0.68m a year earlier, on revenue that rose from £13.4m to £18.4m.

“We are particularly pleased with the sales increases in the Americas of 51% and EMEA of 45%,” said Oliver Vellacott, chief executive.

The operating margin rose to 11.2% from 4.9%%, and the company expects this level to be maintained in the current trading year, with costs expected to increase at a significantly slower pace than last year.

Sales and order intake in the first seven weeks of the new financial year is “well ahead” of the corresponding period of 2007 and the pipeline of potential new business is “at record levels”, the company said.

The board has not proposed a dividend payment.

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