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IndigoVision swings to first-half loss, cancels dividend

Thu, 17th Sep 2015 08:21

(ShareCast News) - IndigoVision Group swung to a loss in the first half of the year as revenue declined in challenging trading conditions.The company, which provides digital CCTV systems for government, airports, banks and casinos, posted a loss after tax of $0.92m compared with a profit of $1.67m in the same period last year as revenue dropped to $22.6m from $31.9m.Indigo said Asia Pacific experienced the greatest decline in revenue following a record performance in the prior period. Latin America also reported a significant decline after the rapid reduction in spend by the Brazilian oil and gas market, and as a result of project timing of the safe city projects in Colombia.However, the UK market saw a 22% increase in sales, delivering police and safe city projects.The company said that in line with its policy that dividends relate to earnings and, given the first half loss, it has decided not to pay an interim dividend this year.Chief executive Marcus Kneen said: "Trading in the first half has been challenging, but Latin America and the Middle East are now starting to show an improving sales trend. The group's activity is weighted towards enterprise markets where revenues are materially impacted by project timing and the wider economic backdrop, and these factors affected the first half performance."Indigo said it has a stronger pipeline of large projects for the second half of the year, mostly from the Middle East and the Americas."Although the first half was disappointing, IndigoVision is in a good position to progress in the second half," said Kneen.At 0830 BST, IndigoVision shares were down 12.5% at 213p.

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12 Mar 2019 18:02

DIRECTOR DEALINGS: IndigoVision Group Chair Purchases Shares

LONDON (Alliance News) - IndigoVision Group PLC said that Chair Max Thowless-Reeves purchased shares in the company over two transactions.On Monday, Thowless-Reeves acquired 24,980 shares a

10 Jan 2019 09:26

IndigoVision Annual Sale Rise, Expects Operating Loss To Narrow

LONDON (Alliance News) - IndigoVision Group PLC on Thursday said it expects its operating loss to reduce significantly as it reported an increase in its annual sales.Shares in the company a

10 Jan 2019 08:09

IndigoVision expects significant reduction in losses following strong sales

(Sharecast News) - Edinburgh-based video surveillance outfit IndigoVision anticipates a significant reduction in losses after the group witnessed sales move ahead in its last financial year.

17 Oct 2018 16:03

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 18 OctoberFalcon Oil & GasRank GroupRenishawFriday 19 22 of 23

20 Sep 2018 12:38

IndigoVision Interim Loss Widens Significantly On Higher Expenses

LONDON (Alliance News) - IndigoVision Group PLC on Thursday said its loss widened sharply in the first half of 2018 as it continues to invest in new product development.The video systems to

20 Sep 2018 10:49

IndigoVision's loss deepens despite aim to break even over full-year

(Sharecast News) - Video surveillance system producer IndigoVision saw its shares dive on Thursday as its first-half losses deepened despite insisting that the company's turnaround remains on track.

17 May 2018 11:10

IndigoVision Expects To Breakeven From Loss For 2018 With Sales Rise

LONDON (Alliance News) - Surveillance system provider IndigoVision PLC said at its annual general meeting it expects to break even in 2018, following double digit growth in the first four months a

25 Apr 2018 15:14

DIRECTOR DEALINGS: IndigoVision Regional Vice President Buys Shares

LONDON (Alliance News) - IndigoVision Group PLC said that Americas Senior Vice President Jose Lopez Martin purchased 10,000 shares at a price of 120.0 pence per share on Wednesday, for a total of

2 Dec 2016 08:51

IndigoVision To Swing To Annual Profit On Good Second-Half Revenue

15 Sep 2016 14:25

IndigoVision narrows loss despite falling revenue

(ShareCast News) - IndigoVision Group posted its interim results for the six months to 30 June on Thursday, with overall revenue dropping slightly to $21.8m, from $22.6m. The AIM-traded firm reported camera volumes were 20% ahead, and its gross margin was maintained despite downward pricing pressure

13 Jul 2016 12:03

DIRECTOR DEALINGS: Wife Of IndigoVision Executive Buys Shares

12 Jul 2016 11:13

DIRECTOR DEALINGS: IndigoVision CFO Doubles Shareholding

8 Jul 2016 11:51

IndigoVision first-half sales down 3% due to margin pressures

(ShareCast News) - AIM-listed video security systems provider IndigoVision said first-half sales fell 3% year-on-year to $21.8m with a healthy increase in camera volumes increased offset by lower camera product margins "arising from continued competitive market conditions". IndigoVision said gross m

8 Jul 2016 06:37

IndigoVision Revenue Lower As Volume Increase Offset By Weaker Margins

20 May 2016 11:42

Chris Lea the new finance boss at IndigoVision

(ShareCast News) - Video surveillance systems producer IndigoVision announced on Friday that Chris Lea had joined its board with immediate effect, and was gearing up to take over as its chief financial officer. The AIM-traded company said Lea will take over from Holly McComb as finance chief from 1

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