SDI annual profit jumps following acquistions

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Digital-imaging technology group SDI posted a rise in annual profit underpinned by acquisitions and organic sales growth.

Pre-tax profit for the year through April jumped 73% to £5.6 million, up from £3.3 million year-on-year, as sales climbed 43% to £35.1 million.

'The outlook, thanks to our agile business model, is positive and we are planning for further organic growth, including from one-off Covid-19-related orders, and appropriate acquisitions during 2021-22,' chairman Ken Ford said.

'Trading in our 2021-22 financial year remains in line with market expectations and we look to the future with confidence.'