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IndigoVision on track to return to profit this year

Thursday, 16th May 2019
IndigoVision said performance would be second-half weighted, but added that it was on track to return to profitability in the current year.

Performance in the first four months of the year was in line with market expectations, with the company receiving two large customer orders, each of which was in excess of $1m.

These orders, which related to the open space and car parking facilities in a substantial commercial building and a mass transit rail line, both in Malaysia, would be delivered over a period of up to 18 months. 

The Group had no debt and had cash on hand of $2.5m as at 27 April 2019.

'The year has started positively and we are confident that 2019 will be another year of progress for the Group,' said Pedro Simoes, CEO.

At 9:41am: (LON:IND) IndigoVision Group PLC share price was 0p at 180.5p

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