Product category:
Inkjet, Laser, Digital, Thermal, Graphics, Wide Format Printing Systems
News Release from: Xaar
Edited by the Printingtalk Editorial
Team on 13 January 2006
Xaar's Second-Half 05 Sales And Profits
Increase
Trading for Xaar, the inkjet printing technology group in Cambridge, UK, remained strong with sales of GBP42.8m and profit before tax of GBP11.0m for the second half of 2005.
Trading for Xaar, the inkjet printing technology group in Cambridge, UK, remained strong with sales of GBP42.8m and profit before tax of GBP11.0m for 2005 The results for the 12 months ended December 31 2005 were ahead of market expectations
This article was originally published on Printingtalk on 16 Apr 2008 at 8.00am (UK)
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Performance for 2004 showed GBP34.8m in sales and GBP6.5m pre-tax profit.
Cash at the end of 2005 was GBP14.4m, reflecting increased capital expenditure, working capital movements and funding of purchases of the company's own shares by its ESOP Trust.
Last September the group announced plans to establish a second manufacturing facility in the UK.
A suitable building has now been selected in Huntingdon, Cambridgeshire and a lease is currently being finalised.
The plant is scheduled to be operational by the end of 2006, said Xaar.
The company said that detailed results for the year to December 31 2005 will be released on March 14. Request free introductory details about products from Xaar ...
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