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Image Scan swings to annual profit as sales jump 50%

By BFN News | 08:07 AM | Friday 04 December, 2020


X-ray screening systems supplier Image Scan said annual performance topped its expectations as it swung to a profit thanks to a jump in sales. For the year ended 30 September 2020, the company reported a pre-tax profit of £113,000, compared with a loss of £2.4 million year-on-year as sales increased 50% to £3.5 million. The company delivered a profit for the year that exceeded its earlier estimates, Image Scan said. 'The recent launch of the Axis-CXi cabinet X-ray machine is an exciting step forward for the company and should bring new customers and new sources of revenue,' it added. At 8:07am: (LON:IGE) Image Scan Holdings PLC share price was 0p at 1.95p Story provided by StockMarketWire.com

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