Business
Period-end trading update
Period-end trading update.
About this update from Xaar Plc
[{"type":"text","content":"\n Xaar PLC\n12 January 2006\n\n\n\nFOR IMMEDIATE RELEASE 12 January 2006\n\n\n\n\n Xaar plc\n\n POSITIVE FULL YEAR TRADING UPDATE\n\n\n\nXaar plc ('Xaar'), the inkjet printing technology group headquartered in\nCambridge, UK, presents an update on performance for the full year ended 31\nDecember 2005.\n\nXaar is pleased to report that trading remained strong during the second half of\nthe year and the results for the twelve months ended 31 December 2005 were ahead\nof market expectations. Reported under IFRS, sales were approximately £42.8m and\nprofit before tax (and foreign exchange movements on inter-company loans) was\napproximately £11.0m (under UK GAAP, the comparable numbers were £42.7m and\n£10.5m respectively). Cash at the end of the year was £14.4m reflecting\nincreased capital expenditure, working capital movements and funding of\npurchases of the company's own shares by its ESOP Trust.\n\nIn September of this year the group announced plans to establish a second\nmanufacturing facility in the UK. A suitable building has now been selected in\nHuntingdon, Cambridgeshire and a lease is currently being finalised. The plant\nis scheduled to be operational by the end of 2006.\n\n\n\nANNOUNCEMENT OF PRELIMINARY RESULTS FOR 2005\n\nDetailed results for the year to 31 December 2005 will be released on Tuesday 14\nMarch 2006.\n\n Ends\n\n\n\nContacts\n\nXaar plc: 01223-423663\nIan Dinwoodie, Chief Executive www.xaar.co.uk\nNigel Berry, Group Finance Director & Deputy Chief Executive\n\nBankside Consultants:\nSteve Liebmann 020-7367-8883 / 07802-888159\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2062,"tagName":"div"}]