DDD generates maiden profit

Three-dimensional technology solutions firm DDD posted a 74 per cent spike in half year revenue, reported a maiden profit and is confident of meeting full year expectations.

Pre-tax profit came in at $663,000 for the six months ended June 30th 2012 compared to a $387,000 loss the year earlier. Revenue increased to $4m from $2.3m previously.

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"We are exploring new 3D business opportunities with the launch of the Yabazam! 3D movie app for the latest 3D Smart TVs from Samsung and LG," he added.

Net cash at June 30th fell to $2.5m from $3.3m the year before. Working capital balance improved slightly to $3.7m.

The group added that shipments of its TriDef 2D to 3D conversion solutions in the TV, PC and mobile markets have grown dramatically and together now exceed an estimated 20m units.

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