Date: Thursday 25 Sep 2008
LONDON (ShareCast) - IndigoVision Group rallied after the security camera outfit achieved record full year sales, margins and profits and said it 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.
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-10.00p ()
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