LONDON (Thomson Financial) - UK smallcap Image Scan Holdings Plc. said first
half pretax loss widened to 136,000 pounds against 60,000 pounds on increased
operating expenses including redundancy costs of 65,000 pounds.
The three-dimensional x-ray imaging technology developer said revenues for
the first half to end-March came in flat at 1.12 million pounds from 1.13
million pounds last year. Operating expenses rose to 691,000 pounds from 614,000
pounds last year.
It added that the end-March order book was up at 1.21 million pounds from
945,000 pounds last year and included the 630,000 pounds conditional order from
China.
It said it had expected this order to have been fully delivered within the
current financial year. However, due to an extension in the trial period from 2
to 4 weeks and slightly longer lead times, it expects partial delivery by
end-September.
Also, it said while there has been improvement in prospects, the long lead
time for opportunities in the industrial sector mean that significant industrial
sales are unlikely to emerge in the remaining part of this financial year.
TFN.newsdesk@thomson.com
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