Xaar has strong first half

06 July 2005

Xaars pre-tax profits for the first six months of this year rose above expectations to 4.5m, an increase of over 2m on last year.

Sales for the period also rose by 3m to 20m according to the firm's half-year trading update.

The Cambridge firm said that the results reflected a continuing growth in demand for its products and that the outlook for the full year continued to be positive.

It has high hopes for its OmniDot print head platform, a new range of products developed with Agfa, which started production in the second quarter and was officially launched at May's Fespa show in Munich.

Xaar shares rose 5.5% to 258p after the update, and its interim results are due in mid September.

Story by Jez Abbott

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