Business
PRE-CLOSE TRADING UPDATE
PRE-CLOSE TRADING UPDATE.
About this update from Image Scan Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 8646U Image Scan Holdings PLC 30 October 2017 \n\n30 October 2017\n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain\n \nIMAGE SCAN HOLDINGS PLC\n \n(\"Image Scan\" or the \"Company\")\n \n \nPRE-CLOSE TRADING UPDATE \n \nImage Scan (AIM: IGE), the specialist supplier of X-ray screening systems to the security and industrial inspection markets provides a pre-close trading update ahead of its results for the year ended 30 September 2017.\n \nKey Points:\n \n· Sales of £5.0m (2016: £3.3m) at a gross margin of 39% (2016: 42%)\n· Unaudited profit before tax of approximately £480k (2016: £105k)\n· Sales of portable X-ray systems increased 65% over the prior year\n· ThreatScan®-LS1 systems sold extensively in Asia, the Middle East and Europe, while the entry level ThreatScan®-Lite system sold strongly in the Indian subcontinent\n· New customers gained in all target export markets\n· New compact detector panel, the ThreatScan®-LS3, was launched and sales generated \n· Industrial systems were delivered in the UK, Eastern Europe and South America \n· Record order intake for the year totalled £5.4m (2016: £4.3m)\n· Outstanding order book at the end of the period of £2.1m (2016: £1.7m)\n· £1.2m of cash at the end of the period (2016: £1.1m)\n \nSales increased by over 50% to £5.0m (2016: £3.3m) driven primarily by a 65% increase in the number of portable X-ray systems sold to customers around the world. The Company made strong progress in penetrating new markets in the Indian subcontinent, achieved primarily with the entry level ThreatScan®-Lite system. This vindicates the Company's product strategy, developing different system configurations to match the price and performance requirements of individual regional markets and customer types. \n \nIndustrial inspection X-ray units for inspection of catalyt...