(Alliance News) - Surveillance system provider IndigoVision PLC said Thursday it expects to swing to profit in the first half of 2019 due to year-on-year increase in sales.
Shares in IndigoVision were 11% higher at 172.75 pence on Thursday.
The company expects to report a swing to operating profit for the six months to the end of June, compared to a loss of USD1.1 million for the same period the year before.
Sales for the period are predicted to rise 8% to USD24.1 million from USD22.2 million in the prior year, marking a continuation of the revenue growth trend seen throughout the year.
IndigoVision's net cash in hand as at June 30 was USD2.7 million, up from USD2.0 million at the end of December.
The company is due to release its interim results on August 14.