LONDON (ShareCast) - (Sharecast News) - Scientific and technology products manufacturer Scientific Digital Imaging saw revenues and profits move ahead in its last financial year, driven by organic growth and its recent acquisitions of Astles Control Systems and Applied Thermal Control.
SDI's revenue increased by 35% to £14.5m in the year ended 30 April, helping the group boost its adjusted pre-tax profits 75% year-on-year to £2.3m.

Earnings per share grew from 1.17p to 1.81p and gross margins moved to 65.8% in 2018 from 64.3%.

The AIM-listed firm refinanced its bank facilities with HSBC throughout the year to aid, in part, the £1.1m acquisition of Applied Thermal Control, a British precision chillers manufacturer, and its $300,000 purchase of Quantum Scientific Imaging, a US manufacturer of high-performance cameras.

"The positive contribution of Atik Cameras and Sentek via their global OEM business, as well as direct sales of Synoptics and ACS products are expected to drive growth and profitability in 2018-19," said chairman Ken Ford.

"The board is confident that the SDI Group will continue to deliver profitable growth through increased revenue and new acquisitions in 2018-19."

SDI shares were up 10.86% to 44.90p.

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