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Indigovision expects first interim profits in five years

Thu 11 July 2019 09:57 | A A A

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(Sharecast News) - Video security systems designer Indigovision expects to report positive underlying earning and operating profits in the first half of its trading year after sales and revenues continued to grow throughout the period.

Indigovision revealed on Thursday that sales for the six months ended 30 June had come to $24.1m - an 8% year-on-year increase on the $22.2m recorded a year earlier and a continuation of the revenue growth trend seen during last year.

As a result, the AIM-listed company said it now expects to report positive EBITDA and an operating profit for the first half of the calendar year, for the first time since 2014.

Indigovision, which intends to post its fully audited interim report card on 14 August, also noted that net cash had risen 35% to $2.7m.

As of 1000 BST, Indigovision shares had climbed 8.97% to 170p.

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