Board of Scientific Digital Imaging plc Release: Unaudited Interim Results For The Six Months To 31 October 2015
The Board of Scientific Digital Imaging plc, the AIM quoted group focused on scientific and technology
products for use in applications including life sciences, healthcare, astronomy, consumer
manufacturing and art conservation, is pleased to announce its unaudited interim results for the six
months ended 31 October 2015.
Highlights
• Revenue increased by 15% to £3,671,000 (2014: £3,188,000)
• Adjusted operating profit* was £189,000 (2014: loss £20,000)
• Operating profit was £29,000 (2014: loss £207,000)
• Gross margin increased to 58.0% (2014: 57.6%)
• New acquisition Sentek Limited (“Sentek”) acquired on 28 October 2015. SDI paid £2,000,000.
The acquisition was funded initially using existing cash resources and a debt facility, with the majority of the debt subsequently repaid by raising £2,500,000 in equity after the period end
• Post period event – settlement following a general meeting of the successful equity fundraising of £2,500,000 (before expenses) to repay debt from acquiring Sentek, with the balance of net proceeds to be reinvested in the business
• Artemis CCD continued to report increased levels of sales and profitability
• Before transaction costs, reorganisation costs and share based payments
Ken Ford, Chairman of SDI, commented:
“The Board anticipates that the recent acquisition of Sentek will be earnings enhancing in the first full year of ownership. The Board expects SDI to continue to make good progress over the remainder of the financial year as we continue to pursue our strategy of organic and acquisitive growth.”
Enquiries
Scientific Digital Imaging plc 01223 727144
Ken Ford, Chairman
Mike Creedon, CEO
www.scientificdigitalimaging.com
finnCap Ltd 020 7220 0500
Ed Frisby/Simon Hicks – Corporate Finance
Mia Gardner– Corporate Broking
JW Communications 07818 430877
Julia Wilson - Investor & Public Relations
Highlights
• Revenue increased by 15% to £3,671,000 (2014: £3,188,000)
• Adjusted operating profit* was £189,000 (2014: loss £20,000)
• Operating profit was £29,000 (2014: loss £207,000)
• Gross margin increased to 58.0% (2014: 57.6%)
• New acquisition Sentek Limited (“Sentek”) acquired on 28 October 2015. SDI paid £2,000,000.
The acquisition was funded initially using existing cash resources and a debt facility, with the majority of the debt subsequently repaid by raising £2,500,000 in equity after the period end
• Post period event – settlement following a general meeting of the successful equity fundraising of £2,500,000 (before expenses) to repay debt from acquiring Sentek, with the balance of net proceeds to be reinvested in the business
• Artemis CCD continued to report increased levels of sales and profitability
• Before transaction costs, reorganisation costs and share based payments
Ken Ford, Chairman of SDI, commented:
“The Board anticipates that the recent acquisition of Sentek will be earnings enhancing in the first full year of ownership. The Board expects SDI to continue to make good progress over the remainder of the financial year as we continue to pursue our strategy of organic and acquisitive growth.”
Enquiries
Scientific Digital Imaging plc 01223 727144
Ken Ford, Chairman
Mike Creedon, CEO
www.scientificdigitalimaging.com
finnCap Ltd 020 7220 0500
Ed Frisby/Simon Hicks – Corporate Finance
Mia Gardner– Corporate Broking
JW Communications 07818 430877
Julia Wilson - Investor & Public Relations