Business
Trading Statement
Trading Statement.
About this update from Sdi Group Plc
[{"type":"text","content":"\n RNS Number : 2367Q Scientific Digital Imaging Plc 07 April 2009 \n \n7 April 2009\n\n\nSCIENTIFIC DIGITAL IMAGING PLC\n\n('SDI' or 'the Company')\n\nTrading Update\n\nThe Board of Scientific Digital Imaging plc ('SDI' or 'the Company'), the digital imaging company, is pleased to provide an update on trading ahead of its financial year-end of 30 April 2009.\n\nThe Board is delighted to report that performance has remained solid during the second half of the financial year and has recently strengthened to the point that both revenue and profit for the full year are likely to exceed market expectations. The businesses of the Group operate with short order backlogs which give rise to uncertainty, although it now seems likely that over the full year revenue and trading profits will be ahead.\n\nPerformance of the Company's primary subsidiary, Synoptics, remained good with particular progress in the United States. The amateur astronomy market served by the Artemis and Perseu subsidiaries, however, appears to have suffered more from the economic downturn as the result of a decrease in consumer discretionary spending.\n\nThe devaluation of Sterling has had a positive impact on the Company's results during the year; however foreign exchange movements are unlikely to have a significant impact on the Group's performance in the coming year.\n\nDespite these encouraging results, the Board remains cautious about the immediate future due to the uncertain economic climate. Whilst the Board attempts to take every available precaution, there remains a possibility that research and science spending could decrease or adverse currency rate fluctuations could have a negative effect.\n\n--END--\n\n\nFOR FURTHER INFORMATION\n\nScientific Digital Imaging plc 01223 727144\nHarry Tee CBE, Chairman\nPhil Atkin, CEO\nwww.scientificdigitalimaging.com \n\nGrant Thornton 020 7383 5100\nUK L...