Full year profits up at Xaar - Shares - Company news - Business Weekly

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Full year profits up at Xaar

Written by Sam Fountain
Thursday, 10 January 2008
Inkjet printing specialist, Xaar has posted a 13 per cent increase in revenues to £47.9m, in a trading update for the year to the end of December. The Cambridge-based firm said that pretax profit was around £7.3m for the full year, up from £6.9m last year on the back of a 13 per cent increase in revenues to £47.9m. Xaar said that the take-up of its Platform 2 products remained slower than originally expected during the period, but that there are now a significant number of evaluation kits for the Platform 3, Xaar 1001, on test with existing and potential customers. Several equipment launches incorporating the printhead are expected in 2008. The company said that after several years of rapid growth, third party forecasts now suggest that demand in the company's core graphic arts market will mature to a steady annual percentage growth rate in high single figures, while forecasts for the newer Platform 2 and Platform 3 products suggest demand will build as the year progresses. Shares in the firm saw a marginal rise of 1.5p to 165.5p. Set as favorite Bookmark Email This Hits: 863 Trackback(0) TrackBack URI for this entry Comments (0) Subscribe to this comment's feed Show/Hide comments Write comment Show/Hide comment form This content has been locked. You can no longer post any comment.

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