Business
PRELIMINARY RESULTS FOR THE YEAR END
PRELIMINARY RESULTS FOR THE YEAR END.
About this update from Image Scan Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 5299Y Image Scan Holdings PLC 06 December 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 \n PRELIMINARY RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2017\nImage Scan (AIM: IGE), the specialist supplier of X-ray screening systems to the security and industrial inspection markets, today announces preliminary results for the year ended 30 September 2017.\nHIGHLIGHTS\n· Total order intake for the year increased 25% to £5.4m (2016: £4.3m)\n· Sales increased 50% to £5.0m (2016: £3.3m) at a gross margin of 38% (2016: 42%)\n· Pre-tax trading profit increased 350% to £477k (2016: £105k)\n· Closing order book of £2.1m (2016: £1.7m) and cash of £1.3m (2016 £1.1m)\n· Portable X-ray systems sold extensively in Asia, the Middle East and Europe\n· Growing sales to customers in the Indian subcontinent \n· Compact portable X-ray detector developed and launched\n· Continuing sales of industrial inspection systems\n \nBill Mawer, Chairman and Chief Executive of Image Scan, commented: \"For a second consecutive year, sales of our range of portable X-ray systems to both current customers and first-time users increased considerably. We launched important new products and opened up promising new markets, a real team effort. I am also pleased with the continued progress in our supply chain and manufacturing processes, and with the growing library of positive feedback from users. \nWe started the new year with a record order book but have yet to finalise extended delivery dates on a portion of those orders. We continue to target large, multi-unit orders across our markets and this remains our primary short-term focus. In growing our order intake, we are focussed on diversifying our customer base, as in both our security and industrial businesses, a significant portion of the revenue is currently dependent on a small grou...