News & Media
Preliminary Results for year ended December 2008
March 27 2009
Visonic (LSE: VSC.L; TASE: VSC.TA), (“Visonic” or the “Group”), the international developer and manufacturer of electronic security systems (alarms) and home management systems, announces its Preliminary results for the year ended 31 December 2008.
Highlights
- Group sales up 14% to $84.9 million (2007: $74.4 million)
- Significant increase in the Group's operational profit to $4.8 million
(2007: $1.9million) - 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 cent)
- 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 $1.2 million reversal of provision previously made in 2007 for impairment of financial assets.
