AVT posts first annual profits

News by

04 February 2004

Advanced Vision Technology (AVT) has posted its first annual profit, after seeing a 38% rise in revenues in its latest year-end results.

The results, for the year to 31 December 2003, saw the automatic inspection system provider report net profits of 272,000, a reversal of the previous years 1.5m loss.

The companys revenues for the year totalled 9.5m, an increase of 38% on the previous year, with an order backlog of 2.9m carried forward into 2004.

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