SDI interim profits and revenues soar
SDI Group plc has announced another strong set of results for the six months to the end of October.
The AIM quoted group focuses on the design and manufacture of scientific and technology products for use in digital imaging and sensing and control applications.
Revenue increased by 42 per cent to £11.45 million while adjusted profit before tax rose 36 per cent to £2m.
As recently reported here, after the end of the reporting period SDI acquired Chell Instruments Limited for an initial £4.3m plus an additional cash payment for net assets at completion.
SDI chairman Ken Ford said: “The group has made a good start to the financial year. Despite the potential for economic variability, influenced by political conditions (including Brexit) and currency fluctuations, the board is confident that our diversified portfolio of businesses is on course to deliver a full year financial performance in line with market expectations.”
SDI designs and manufactures scientific and technology products for use in digital imaging and sensing and control applications including life sciences, healthcare, astronomy, manufacturing, precision optics and art conservation.
It operates through its company divisions: Atik Cameras, Synoptics, Graticules Optics, Sentek, Astles Control Systems, Applied Thermal Control, MPB Industries and Fistreem.
SDI continues to grow by developing its own technology advancements and by improving its global sales channels, as well as through pursuing strategic, complementary acquisitions.