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Andor parent company back on track with £13m profit

By Staff Reporter

Published 16/06/2016

Eye on the future: Staff at work in Andor's Belfast laboratory
Eye on the future: Staff at work in Andor's Belfast laboratory

Oxford Instruments plc - owner of west Belfast scientific camera maker Andor - has reported pre-tax profits of £13m in its latest results - a huge turnaround for the firm, which suffered a pre-tax loss of £9.6m a year ago.

Andor employs around 250 people in Springvale Business Park in the manufacture of scientific cameras for academic use.

In its results for the year ending March 31, the plc reported sales of £361.6m, down 5% on £380.1m a year earlier. Its order book, meanwhile, improved, and was up 12% on the year before.

Revenue for the first two months of the new financial year was also in line with last year, the firm said.

Performance within its nanotechnology division - which includes Andor - also improved.

Oxford Instruments chief executive Ian Barkshire said the plc was on track for further progress.

Belfast Telegraph

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