Product category:
Inkjet, Laser, Digital, Thermal, Graphics, Wide Format Printing Systems
News Release from: Xaar
Edited by the Printingtalk Editorial
Team on 07 July 2005
Xaar Half-Year Profits Almost Doubled
Xaar has reported that revenues for the six months to 30 June 2005 are in-line with the company's expectations at close to GBP 20.0m, compared to 2004's GBP 16.9m.
Xaar has reported that revenues for the six months to 30 June 2005 are in-line with the company's expectations at close to GBP 20.0m, compared to 2004's GBP 16.9m Profit before tax for the period (and before foreign exchange movements on inter-company loans) is ahead of expectations at around GBP 4.5m (GBP 2.4m in 2004, on a comparable basis)
This article was originally published on Printingtalk on 16 Apr 2008 at 8.00am (UK)
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The figures are stated under UK GAAP to be consistent with current market forecasts.
The company said it believes that the results reflect a continuing growth in demand for the group's products and the benefit of increased volumes on manufacturing overhead recovery.
Cash at the end of June was in the region of GBP 17.5m, up from GBP 15.4m at the start of the year.
That movement includes an increase in working capital and payment of the final dividend for 2004 of GBP 0.6m.
The company added that the outlook for the full year continues to be positive.
The group's Omnidot printhead platform, its new range of products co-developed with Agfa (and named 'UPH' in its Agfa format), started commercial production in the second quarter of the year and was officially launched by Agfa at the FESPA trade show held in May in Munich (Germany).
FESPA represents the screen printing sector of the industry and digital printing accounted for more than 50 per cent of the stands at the show, with Xaar well represented by its OEMs said the company. Request free introductory details about products from Xaar ...
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