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IndigoVision profit unchanged
Tue, 07 Feb, 2012
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IndigoVision profit unchanged
Thu, 11 Mar 2010, 09:00:00
Shares in security camera firm <b>Indigovision</b> fell nearly 7% after it said first half profit was unchanged from the previous year and added that the economic backdrop remains uncertain. Pre-tax profit was flat at £1.2m for the six months to 31 January while revenue rose 12% to £12m. The results were hit by costs related to research and development but on an upbeat note Indigovision said the second quarter was stronger than the first. "We continue to see diverse performance from different markets with no clear pattern emerging. However, overall, the business continues to grow and we believe that the market for IndigoVision's products will continue to develop significantly," the company said in a statement. "Accordingly, whilst business and economic risks remain in the short term, we continue to have a high level of confidence in the long term future of IndigoVision," it added.
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