Product category:
Inkjet, Laser, Digital, Thermal, Graphics, Wide Format Printing Systems
News Release from: Xaar
Edited by the Printingtalk Editorial
Team on 15 March 2006
Xaar's Pre-Tax Profits Make 69% Leap
Xaar's audited results for the year ended 31 December 2005 have revealed a 69 per cent leap in pre-tax profits to GBP11.0m.
Xaar's audited results for the year ended 31 December 2005 have revealed a 69 per cent leap in pre-tax profits to GBP11.0m That compares with a GBP6.5m for 2004 and came on the back of a 23 per cent turnover increase to GBP42.8m, compared with the previous year's GBP34.8m
Operating profit was up 66 per cent for 2005 to GBP10.5m, as against GBP6.3m in 2004, whilst operating profit margins improved to 24 per cent (18 per cent in 2004).
Xaar's chairman, Arie Rosenfeld, said: "Our sales of established products continue to grow and our new products launched in 2006 will add growth in the medium term.
For the longer term we have further new products due for commercial launch in 2007, together with an expanding range of applications ready to adopt them. Request free introductory details about products from Xaar ...
The board looks forward to another year of positive results this year.".
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