LiDCO Group plc announced trading results for the year ended January 31, 2014. The strong performance reported in the interims results has continued, with revenues for the year up 20% to £8.63 million against £7.21 million, slightly ahead of market expectations.

The company expects pre-tax profits to be in line with market expectations, compared to a loss of £0.26 million in the previous year. The company was significantly cash generative during the year and net cash increased to £2.37 million against £2.06 million a year ago, despite debt repayments of £180,000 made during the year.