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Technology
Andor reports 67pc rise in pre-tax profits
24.11.2009
Belfast technology company Andor Technology has reported a 67pc rise in pre-tax profits to £3.5m for the year-ended 30 September. This is compared to pre-tax profit of £2.1m reported in 2008.
Operating profit at Andor, which develops and makes high-performance digital cameras, was up 63pc to £3.4m, compared to the £2.1m the firm reported in 2008.
Earnings per share was up 79pc to 11.57 pence, compared to 2008’s reported EPS of 6.45 pence.
The company also reported a 30pc year-on-year growth in its opening order book for 2010, and continued growth in China.
“Andor has charted a path through the uncertainty of the past 12 months and delivered a strong set of results,” said Andor Chief Executive Conor Walsh.
“As we look forward to 2010 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. But we are also optimistic, buoyed by the strength of our brand and our business, the technology we offer and will deliver over the coming year, and most of all the skill and diligence of our staff.”
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