TechMARK movers: Imagination soars after profit hike

Imagination Technologies rallied after the chip designer posted a 56% hike in annual pre-tax profit underpinned by strong licensing and royalty sales. Adjusted pre-tax profit rose to £5m for the 12 months to 30 April 2009 from £3.2m the same time the year before. Group revenue rose 16% at £64.1m. The group, which makes Pure radios, said licensing revenue rose 21% while royalty revenue was up 29%.Specialist healthcare group Ark Therapeutics also gained after saying it has made a major advance in its production technology and processes for commercial manufacture of adenoviral gene-based medicines. Ark's production development group in Kuopio, Finland, has developed a suspension process based on single use systems (SUS) for manufacturing commercial sized batches of adenoviral gene-based medicines ready for fill."The SUS system will have a significant impact on production and ultimately cost of goods and we have strong intellectual property to protect our competitive advantage," said chief executive Nigel Parker.FTSE TechMARK - RisersImagination Technologies (IMG) 150.00p +31.00%Oxford Biomedica (OXB) 13.00p +8.33%Puricore (PURI) 14.00p +7.69%Sinclair Pharma (SPH) 27.00p +3.85%Sepura (SEPU) 36.75p +3.52%Kewill (KWL) 74.50p +2.76%Intec Telecom (ITL) 66.00p +1.93%Trafficmaster (TFC) 27.50p +1.85%Ark Therapeutics (AKT) 46.00p +1.66%Corin Group (CRG) 62.00p +1.64%FTSE TechMARK - FallersRobotic Technology (RTS) 5.00p -4.76%Alizyme (AZM) 5.00p -4.76%Kofax (KFX) 155.00p -3.13%RM Group (RM.) 152.25p -2.87%ARC International (ARK) 11.75p -2.08%AEA Technology (AAT) 24.00p -2.04%E2V Technologies (E2V) 62.00p -1.98%Alphameric (ALM) 30.00p -1.64%Optos (OPTS) 69.00p -1.43%Innovation Group (TIG) 9.90p -1.00%