Business
First Day of Dealings on AIM
First Day of Dealings on AIM.
About this update from Sdi Group Plc
[{"type":"text","content":"\n RNS Number : 6666J Scientific Digital Imaging Plc 08 December 2008 \n \n8 DECEMBER 2008\n\n\nSCIENTIFIC DIGITAL IMAGING PLC\n\n('SDI' or 'the Company')\n\nFIRST DAY OF DEALINGS ON AIM\n\n\nScientific Digital Imaging plc, the digital imaging company, is pleased to announce that dealings in its ordinary shares have today commenced on AIM, a market operated by London Stock Exchange plc, under the ticker symbol 'SDI'.\n\nSDI is focused on the application of digital imaging technology to the needs of the scientific community. Its products address areas such as DNA and protein analysis and various forms of microbial colony counting. The Company intends to pursue a focused strategy of acquiring digital imaging companies in the life sciences sector and in other scientific markets, as well as seeking to generate organic growth.\n\nHighlights:\n\n\n\nWell positioned to exploit consolidation opportunities within the digital imaging market\n\n\nStrong Board and Management Team with a proven track record\n\n\nTwo new acquisitions already completed in October 2008\n\n\nGood growth in operating profits since 2006\n\n\n\n\nSynoptics, SDI's primary subsidiary, currently employs 30 people at its headquarters in Cambridge, UK, and 9 people at its wholly-owned sales subsidiary, Synoptics Inc., based in Maryland, USA. In October 2008 SDI acquired two companies ('Artemis' and 'Perseu') engaged in the design and manufacture of high-sensitivity cameras for both astronomical and life sciences applications. \n\nSDI has seen an increase in turnover from £4.8 million during the year ended 30 April 2006 to £5.7 million during the year ended 30 April 2008. The Company emerged from a period of investment in 2005/06 to become solidly profitable in 2006/7 and returned pre-tax profits in 2007/08 of £313,000 (before one-off reorganisation costs).\n\nWhilst the overall economic outlook remains uncertain, the Directors believe that the nature of the Company's customer base, being mainly academic and research organisations, will provide the stability to underpin its operational and acquisition strategy and help the Company to grow in the long term. \n \nThe Company has in issue 16,663,842 ordinary shares of 1p each with an...