News & Media
Visonic Interim Results
September 04 2007
Visonic (LSE: VSC.L; TASE: VSC.TA), the international developer and manufacturer of electronic security systems (alarms) and home management systems, announces its Interim Results for the half year ended 30 June 2007.
Key Points
- Group sales showed a strong growth of 13%
- Strong balance sheet with $12.6m in cash and equivalents
- Profit before tax decreased to $1.0m (from $4.4m in H1-2006)
- Decline in earnings per share (from 9.6 cents in H1-2006) to 2.3 cents in H1-2007
- Continued adverse currency movements impacted on margins
- Slower than expected recovery at Visonic Technologies
- Increased investment in R&D and sales and marketing
- Major new product, PowerMax®Pro, well received by market
