News blog
Datong
- BY: Andrew Hore |
- POSTED: 07/12/2007 |
Budget delays have hit surveillance equipment developer Datong’s US sales in the first half but European revenues have stormed ahead.
Admittedly, a large chunk of the European sales were low margin, third party sales but these normally help to sell more of Datong’s equipment.
The US revenues in the comparative period were boosted by sales that were delayed from the previous half year. That makes the dip in US revenues look worse than it is. The US budget will have to be agreed soon and some contracts are starting to come through.
Overall revenues rose from £3.35m to £3.52m in the six months to September 2007. Profits slipped from £261,000 to £24,000. Datong’s business has always been second half weighted and there is time to claw back some of that decline in profits.
Datong is still looking for potential acquisitions.
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