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DSN Densitron Tech.

10.75
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Densitron Tech. LSE:DSN London Ordinary Share GB0002637394 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.75 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Trading Update (6535C)

10/03/2011 7:00am

UK Regulatory


Densitron Tech. (LSE:DSN)
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RNS Number : 6535C

Densitron Technologies PLC

10 March 2011

Densitron Technologies plc

Trading update

10 March 2011

Densitron Technologies plc ("Densitron" or the "Company") is pleased to provide an update on current trading.

The Company experienced a strong recovery during 2010 and saw a rapid return to confidence in the markets in which it operates. Orders, sales and gross margin for the year ended 31 December 2010 were substantially ahead of 2009 for all regions. Profit from operations, excluding the exceptional loss made on the disposal of Evervision, was materially ahead of 2009 and in line with market expectations.

2011 has commenced in a positive manner with orders, sales and margin significantly ahead of the same period in 2010 providing the business with a solid platform for further growth during the remainder of the year.

Densitron expects to release its results for the year ended 31 December 2010 towards the end of April 2011.

Jan G Holmstrom, Chairman of Densitron, commented:

"We are pleased that the growth experienced in the first half of 2010 was maintained throughout the year. We are confident that the growth will continue in 2011 and we will see a continuing improvement in the trading performance of the Company. Following a further capital reduction in Evervision in September 2010, we have eliminated all debt apart from that supported by trade. The Company has also announced, subsequent to the sale of its stake in Evervision, its intention to make a payment of 5p per share to its shareholders."

Enquiries

Densitron Grahame Falconer or Tim Pearson Tel: 0207 648 4200

Westhouse Securities Limited Tom Price or Martin Davison Tel: 0207 601 6100

This information is provided by RNS

The company news service from the London Stock Exchange

END

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