Sales of the company's P3 products have been helped, in part, by the completion of the early stages of the P3 capacity expansion programme at its UK Huntingdon facility, which the company said was both in budget and on track.

According to Xaar, the remaining stages of this programme will be completed during the fourth quarter and during the first half of next year.

Elsewhere, the sales of the manufacturer's Platform 1 offering were in-line with expectations though marginally lower than the second quarter.

Xaar said forward visitbility for its Platform 1 sales remained limited, while a year-on-year increase in royalty income for the first nine months was linked to market share licensees in P1 markets.

Xaar's net cash at 30 September stood at £16.8m, down from £20.6m on 30 June owing to the cost of its ongoing capacity expansion.

In August, Xaar released its half-year figures and cited growth within the ceramic and labels markets as key drivers behind strong sales of £31.6m, up 33% year-on-year.



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