Technology, media and telecomm
Andor's annual profits jump 67%
Tuesday, 24 November 2009 08:48Belfast-based digital camera company Andor Technology has reported strong growth in sales and profits in the year to September 30.
Pre-tax profits before once-off items jumped by 67% to £3.5m as turnover climbed by 34% to £33.1m. Earnings per share were up almost 80% to 11.57p.
The company said its order book for the coming year had grown by 30%, while it also said it was experiencing continuing growth in China.
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'We remain cautious about the economic outlook, the exposure we have as a global business to currency volatility, and the ever-increasing competition for business,' said chief executive Conor Walsh. But he said Andor was also optimistic because of the strength of its brand and its technology.
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