Image Scan, the supplier of X-ray screening systems to the security and industrial inspection markets, has hailed strong sales and profit growth in a pre-close trading update for the year ended 30 September 2023 (FY23).
Unaudited revenue is expected to be £3m for FY23, up from £2m in FY22, while pre-tax profit is anticipated to be £0.1m, recovering from a £0.35m loss last year.
Restructuring and cost control programs at the Leicestershire-based firm are said to have contributed to the return to profit.
Image Scan’s Chief Executive, Vince Deery, said: “I am delighted with the work we have undertaken this year to ensure organisation changes and cost controls have had their impact which has helped deliver the hugely welcome return to profit.
“With the improving market conditions, we wish to build on this result and use the coming period working with significant shareholders to look at the strategic opportunities for growth as a listed business.”
