Densitron Technologies : Result of the AGM and Chairman’s statement

Densitron Technologies PLC- DSN Result of AGM and Trading Update Released 12:55 10-Jun-2015

RNS Number : 7830P Densitron Technologies PLC

10 June 2015

10 June 2015

('Densitron' or the 'Company')

Densitron Technologies plc (AIM: DSN), the provider of electronic displays and related electronics and software, is pleased to announce that at the Company's AGM held earlier today all resolutions were passed.
At the AGM the Company's Chairman, Jan Holmstrom, gave the following trading update:
'I am pleased to be able to report that the trading performance of the business for the year to date has been encouraging. We are confident that the operating profit before exceptional items is on track to achieve market expectations for the full year.
In the last 12 months work has been done to improve the sales visibility within the business and I am pleased to report that business that has already been delivered to customers and business that has been booked and is scheduled for delivery over the remainder of the year, is approximately 10% greater than that achieved for the full year 2014. We anticipate that this will grow as further orders are booked for delivery later in 2015.
In recent years the business has been loss making in the first half and profitable in the second half of the year. However management has focussed on ensuring that while growing the business, sales are achieved more evenly throughout the year. While the expectation is still that the second half will be stronger than the first, it is expected that the Company will report an operating profit for the first half of the current financial year, compared to an operating loss in the same period in 2014.'

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