Search Share Prices
Scientific Digital Imaging sees results 'moderately ahead' of previous expectations
AIM-listed Scientific Digital Imaging said on Friday that it now expects full-year revenues, adjusted and reported pre-tax profit to be "moderately ahead" of previous expectations.
In a trading update for the year ending 30 April 2018, the company said results should benefit from a reduce group tax charge which includes increased R&D tax credits accrued for both FY18 and FY17.
Scientific Digital said it expects to report significant revenue growth against FY17, reflecting both organic growth, and the acquisition of Astles Control Systems in the second half of last year, Applied Thermal Control in the first half of this year and a contribution from the smaller Quantum Scientific Imaging acquisition in the second half.
In addition, it said Sentek's single-use electrodes and Atik Camera's new products for astronomy and life science applications have been key to delivering the organic sales growth.
Chairman Ken Ford said: "SDI is benefitting from its acquisitions as well as from the improvements management continue to make across the whole group. We look forward to further growth in the new financial year."
At 1100 BST, the shares were up 6.5% to 37.80p.