Xaar plc, the inkjet printing technology group headquartered in Cambridge, UK, presents an update on performance for the full year ended 31 December 2004.
Xaar presents positive full year trading update
Xaar is pleased to announce that sales for the full year are expected to be in excess of 35.0m (2003: 29.2m), with a profit before tax (and foreign exchange movements on inter-company loans) ahead of expectations at slightly in excess of 6.0m (2003: loss of 1.3m on a comparable basis). Cash at the year-end was above 15.0m (2003: 8.5m).
The outlook for 2005 is positive although the group's primary trading currency, the US dollar, remains weak.
ANNOUNCEMENT OF PRELIMINARY RESULTS FOR 2004
Detailed full year results will be released on 15 March 2005.
Xaar plc: 01223-423663
Group Finance Director & Deputy Chief Executive
020-7444-4163 / 07802-888159
This information is provided by RNS
The company news service from the London Stock Exchange
Xaar is a world leader in the development of digital inkjet technology