Xaar revenues beat expectations

Inkjet printing technology group, Xaar, said revenues for the first six months of 2011 topped £31m, exceeding the board's expectations.The group put the figures down to strong sales of its 'Platform 3' (P3) printhead products and said output had been unaffected by the disaster in Japan earlier in the year.In April the company noted demand for its P3 products had outstripped its ability to supply them.Xaar said it had a strong balance sheet with net cash at 30 June 2011 of £20.6m, compared with £8.2m a year earlier.The firm intends to pay an interim dividend, details of which would be provided in August with the announcement of its interim results, it said.mm Xaar