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X-ray screening systems supplier Image Scan reported wider losses on lower sales, though said it expected to see 'material improvement' in performance.
For the year ended 30 September, pre-tax losses widen to £401.8K from £201.8K on-year as revenue fell 32% to £2.4m.
The company blamed the fall in revenue on delays in government orders and a fall in sales to the Indian subcontinent where, for the second year, budgets had been tight.
Image Scan said it was 'disappointing' to be reporting a decline in sales and profits. But following a strong start to the year, x-ray screening systems supplier expected to see a 'material improvement' in its performance in the year.
At 8:56am: (LON:IGE) Image Scan Holdings PLC share price was +0.25p at 3.15p