Visonic: Pre-Close Trading Update14 July 2005
Visonic (LSE:VSC), the international developer and manufacturer of electronic security systems (alarms) and home management systems, is pleased to make the following trading update prior to the group going into its close period.
The group performed well in the first half of the financial year and the Board is pleased with the results so far achieved in the year to date. The group remains ahead of its internal budget at both the sales and pre-tax profit levels.
The group intends to announce its Interim results for the six months to 30 June 2005 on Wednesday 7 September 2005.
The group has also made considerable progress with its stated strategy of developing the various mass-market distribution channels for its products. During the period distribution agreements were reached with five new customers as well as enlarged re-orders from veteran customers. Increasing orders for the company's leading product, the PowerMax+ security and home management system, continued to generate healthy revenues.
Commenting, Dr Avi Shachrai, CEO and President of Visonic said:
"The group performed well in the first half and we are pleased with the results so far achieved and that we are currently ahead of our internal budget at both the sales and pre-tax profit levels. We are also delighted to have made further progress in our mass market sales strategy."
Source: businesswire
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