Press Releases
Interim results for the six months ended 31 March 2009
17 June 2009
Image Scan, the AIM-listed specialist in the field of real-time 3D and 2D x-ray imaging for the homeland security and industrial markets, today announces its interim results for the six months ended 31 March 2009.
KEY POINTS
- Revenue of £743,000 (2008: £1,122,000)
- Gross margin of 44% (2008: 46%)
- Overheads of £700,000 (2008: £691,000)
- Loss on ordinary activities after taxation of £355,000 (2008: £136,000)
- Period-end cash of £929,000 (2008: £1,337,000)
- New Board appointment to lead sales and marketing strategy
Gilbert Chalk, Chairman of Image Scan, commented:
"Sales in the period suffered from a low order book at the beginning of the financial year, coupled with a downturn in sales and enquiries from the industrial sector. Sales of security products have remained stable, largely on the back of the follow-on Chinese contract which is currently in the process of being fulfilled and delivered. The Company is focused on developing additional routes to key markets in order to capitalise on sales into territories where high performance is the priority. As part of this process we have appointed an additional sales executive with strong experience in these major potential export markets, and Brian Emslie has joined the Board to further develop and bring a new lead to the sales and marketing strategy for the Company."
Enquiries:
| Image Scan Holdings plc | Tel: +44 (0) 1664 503 600 |
| Gilbert Chalk, Chairman | |
| Louise George, CEO | |
| info@ish.co.uk | |
| Bishopsgate Communications Ltd | Tel: +44 (0) 207 562 3350 |
| Robyn Samuelson | |
| Siobhra Murphy | |
| imagescan@bishopsgatecommunications.com | |
| Seymour Pierce | Tel: +44 (0) 207 107 8000 |
| Richard Feigen | |
| Sarah Jacobs |
