25 May 2012

Profits leap at Scientific Digital

19/07/2010 Robert Tyerman

Scientific Digital Imaging remains acquisitive after lifting annual pre-tax profits more than fourfold to £258,000.

The Cambridge-based company, which designs and makes imaging instruments for the life sciences sector, increased turnover a more modest 6.4 per cent to £7.2 million in the year to April, but kept costs in check and did not have to bear the previous year's £345,000 AIM listing expenses.

With year-end net cash virtually unchanged at £340,000, chairman Harry Tee says Scientific Digital 'continues to look at acquisition targets', having demonstrated its markets 'are largely resilient to recessionary pressures'. During the year, the company, whose key Synoptics subsidiary uses high-sensitivity cameras made by 2008 acquisition Atik, launched a new product, ProtoCOL 2, to help is Synbiosis arm extend the market range of its microbiological instruments and systems.

In March, Scientific Digital strengthened its corporate and financial knowhow by recruiting as non-executive directors Ken Ford, former head of broking at investment concern Teather & Greenwood, and Dr. Ann Simon, erstwhile corporate adviser in healthcare and technology at broker Cazenove.

The shares, which have traded between 27p and 12.5p over the past year, now stand at 21.5p, valuing the company at £3.9 million and offering interesting medium-to-long term potential.

Tags: AIM, Boardroom moves, Cash, Growth Stocks

Sector: Electronic & Electrical Equipment

Companies: Scientific Digital Imaging

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