Scientific Digital Imaging's 'good year' sees revenues and earnings improve
Designer and manufacturer of technology products Scientific Digital Imaging expects to reveal increased annual revenues when its posts its full-year report card on 18 July.
SDI now expects full-year revenues to be approximately £17.4m, compared to the £14.5m turned in a year earlier, while adjusted pre-tax profits were expected to be no less than £2.9m - up on the £2.3m recorded in 2018.
The AIM-listed group said the uplift in guidance reflected "the accumulation of positive outcomes in relation to items subject to prudent estimate or judgement" at the time of its last trading update in mid-May.
Chairman Ken Ford said: "This has been a good year for SDI, growing the business and delivering on our acquisition strategy, whilst laying the foundation for further growth in the future.
"The very positive financial results underline the strength of our business model and reflect the hard work of all our staff over the past year".
As of 1340 BST, SDI shares had advanced 2.72% to 55.06p.