LONDON (ShareCast) - Image Scan, an X-ray imaging manufacturer, said its half-year revenues fell and losses rose due to a slow order intake after facing product delays.
While revenues decreased 48.6% to £0.86m from £1.7m, losses before tax increased signifitnly to £387,000 from £59,000.

The results were hurt by the delayed availability of the replacement portable X-ray generator from its supplier in the US.

However, the group said concerns over a variety of terrorist threats is keeping the portable X-ray market strong.

Following an interest from a number of countries for multi-unit procurements, its new X-ray systems are starting to be deployed worldwide, Image Scan said.

Chairman and chief executive Bill Mawer said that despite the slow order intake, the company increased its research and development expenditure and launched its new portable X-ray detector panels and new software.

Shares fell 7.69% to 1.5p on Tuesday at 11:43.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE