News blog
Datong
- BY: Andrew Hore |
- POSTED: 13/12/2010 |
Surveillance technology developer Datong returned to profit in the 12 months to September 2010.
Datong changed its year end to September so the official accounts are for 18 months but the company also released information on the last two 12 month periods. Revenues increased 80% to £14.1m with most of the growth coming from Europe and the rest of the world. America, which has always been a key market is beginning to recover. These increased volumes helped Datong to swing from a loss of 642,000 to a profit of £546,000.
The new financial year has started strongly and £3.1m of orders for 2010-11 have been received.
Net cash has risen to £2.58m by the end of September 2010. The former factory has been written down from £699,000 to £375,000 but its sale could be completed in the near future.
Datong is looking to acquire businesses that have products or services that fit in with its existing offering.
At 63.5p a share, Datong is valued at £8.78m.
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|