Vislink posts increase in 2012 profit and revenue

Vislink returned to profit in 2012 as the technology group achieved strong performance in the broadcast and surveillance sectors.

Vislink returned to profit in 2012 as the technology group achieved strong performance in the broadcast and surveillance sectors.

Adjusted operating profit came to £31.1m in the year ended December 31st 2012, compared to a loss of £0.2m in 2011.

Revenue came to £57.2m, an 13.7% increase from the prior year's £50.3m.

The group remained debt free, with net cash of £8.1m.

The company, which supplies video technology to the broadcast and surveillance markets, said the two segments delivered growth, particularly in the US and Western Europe.

During the period, the company reduced its costs while maintaining investment in sales channels and research and development.

Gigawave, technology for broadcast television, live streaming, motorsport and security applications, was fully integrated into the business throughout the year and its product range benefited broadcast and surveillance.

While the order intake fell 5.1% to £50.1m, the firm believes the pipeline in 2013 looks promising following the development of new products including lightweight satellite terminal, MSAT and cellular based product, LiveGear.

"[Last year] was a year of sustained profitable growth for the group," said Executive Chairman, John Hawkins.

"We achieved our objective of improving profitability with cost reductions whilst continuing in our investment in sales channels and research and development.

"We have increased revenues in both broadcast and surveillance and delivered a substantial increase in profit over 2011."

Shares fell 5.30% to 31.25p at 11:13 Monday.

RD

Recommended

Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021
Share tips of the week – 17 September
Share tips

Share tips of the week – 17 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
17 Sep 2021
Royal Mail will deliver for investors – here's how to play it
Trading

Royal Mail will deliver for investors – here's how to play it

Royal Mail Group has found its feet in the past 18 months and looks cheap. Matthew Partridge looks at how to trade the shares.
14 Sep 2021
The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021

Most Popular

Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021
How you can profit from the power of the grey pound
Share tips

How you can profit from the power of the grey pound

Higher life expectancy and surging asset prices have proved a boon for the baby-boomer generation, which has accumulated vast wealth. Younger generati…
10 Sep 2021