News

H1 losses widen at Image Scan

09 June 2008 08:57:00

Shares in X-ray imaging firm Image Scan Holdings declined after it said first half pre-tax losses widened on higher costs.

Pre-tax loss widened to £136,000 in the six months to 31 March 2008 compared with £60,000 the year before after the group incurred redundancy costs of £65,000. Revenues for the period were hardly changed at £1.2m from £1.13m last year. Operating expenses rose to £691,000 compared with £614,000 last year.

Image Scan added that its order book at the end of March was up at £1.21m from £945,000 last year, including the £630,000 conditional order from China.

"It had been hoped that this order could 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, the board anticipates partial delivery by the end of September," the group said in a company statement.

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