Business
2017 Interim Results
2017 Interim Results.
About this update from Xaar Plc
[{"type":"text","content":"\n \nRNS Number : 0165Q Xaar PLC 06 September 2017 \n\n \n \n \n6 September 2017\nAMENDMENT TO THE 2017 INTERIM RESULTS\n \nThe following amendment has been made to the '2017 Interim Results' announcement released on 06/09/2017 at 07:00 under RNS No 9019P.\n \nIn the notes to the Condensed Consolidated Financial Information, the corrected text to note 3 is:\n \nAssets in the 'product sales, commissions and fees' segment have increased by £13,135,000 over the period and assets in the 'royalties' segment have increased by £184,000 over the period;\nThe original text was:\n \nAssets in the 'product sales, commissions and fees' segment have decreased by £13,135,000 over the period and assets in the 'royalties' segment have decreased by £184,000 over the period;\nAll other details remain unchanged.\n \nThe full amended text is shown below.\n \n \nXaar plc\n \n \nInterim results in-line with expectations; transforming the business towards 2020 vision\n \n \nXaar plc (\"Xaar\", \"the Group\" or \"the Company\"), the inkjet printing technology Group headquartered in Cambridge, UK, today issues its interim report for the six months ended 30 June 2017.\n \nSummary of results for the six months to 30 June 2017\n \n\n\n\n\n\n\n\nAdjusted¹\n\n\n\n\n\nIFRS\n\n\n\n\n\n\n\nH1 2017\n\n\nH1 2016\n\n\nH2 2016\n\n\n\n\n\nH1 2017\n\n\nH1 2016\n\n\nH2 2016\n\n\n\n\nRevenue\n\n\n£44.0m\n\n\n£44.5m\n\n\n£51.7m\n\n\n\n\n\n£44.0m\n\n\n£44.5m\n\n\n£51.7m\n\n\n\n\nGross profit\n\n\n£20.7m\n\n\n£19.9m\n\n\n£24.8m\n\n\n\n\n\n£20.7m\n\n\n£19.9m\n\n\n£24.8m\n\n\n\n\nGross margin %\n\n\n47%\n\n\n45%\n\n\n48%\n\n\n\n\n\n47%\n\n\n45%\n\n\n48%\n\n\n\n\nGross R&D investment \n\n\n£9.7m\n\n\n£11.2m\n\n\n£11.2m\n\n\n\n\n\n£9.7m\n\n\n£11.2m\n\n\n£11.2m\n\n\n\n\nNet R&D investment2\n\n\n£5.0m\n\n\n£6.3m\n\n\n£5.9m\n\n\n\n\n\n£5.0m\n\n\n£6.3m\n\n\n£5.9m\n\n\n\n\nOperating margin %\n\n\n18%\n\n\n19%\n\n\n20%\n\n\n\n\n\n13%\n\n\n17%\n\n\n19%\n\n\n\n\nProfit before tax\n\n\n£7.9m\n\n\n£8.8m\n\n\n£10.7m\n\n\n\n\n\n£5.7m\n\n\n£7.7m\n\n\n£10.2m\n\n\n\n\nDiluted earnings per share\n\n\n9.1p\n\n\n10.0p\n\n\n11.2p\n\n\n\n\n\n5.9p\n\n\n8.5p\n\n\n10.4p\n\n\n\n\nNet cash3 at period e...