Optos plc (OPTS.L) reported that its first-half profit before taxation decreased to $0.7 million from $5.6 million last year. Net profit for the period attributable to equity holders of the parent was $0.4 million or 0.5 cents per share, compared to $3.5 million or 4.6 cents per share last year.
Revenue decreased to $72.2 million from $86.2 million last year, reflecting fewer rental renewal contracts, and softer sales of Daytona and 200Tx than expected. Underlying revenue was up 6% due to the high level of capital sales in the period.
Optos expects full year top line revenue to be lower than fiscal year 2012. The company expects its second-half sales to exceed first half, especially given the second OPSM order which has already been secured.
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by RTT Staff Writer
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