News & Media
Audited Annual Results 2008
May 05 2009
Highlights
- Group sales up 14 % to $8 4.9 million (2007: $74.4 million).
- Significant increase in the Group’s operational profit to $4.8 million
(2007: $ 1.9 million). - Group profit before tax of $ 4.6 million (2007: $0.2 million) *.
- Net profit after tax of $3.7 million (2007: $0.4 million) *.
- Basic earnings per share 8.9 cents (2007: 1 cents).
- Strong balance sheet with cash and cash deposits of US$ 15.5 million.
- Visonic’s ‘core business’ sales up 13 % to $76.7 million (2007: $68.1 million).
- 15 new products launched – the latest PowerMax®Pro has been well received
by the market. - Visonic Technologies’ sales up 31 % to $8.2 million (2007: $6.3 million) producing operational profit of $0.2 million (2007: operational loss of $0.2 million).
- Maintained dividend of £0.01 per ordinary share.
* After $12 million reversal of provision previously made in 2007 for impairment of financial assets.
