Belfast Telegraph

'Strong' trading is positive image of camera maker's future profits

A DIGITAL camera maker in Belfast has revealed strong results including a record-breaking customer order.

Andor Technology in Springvale in the west of the city said trading in the first half of the year had been "strong".

The company, one of the few Northern Ireland firms to be on the stock exchange, said it had secured a record order from one customer with a contract worth $2.1m (£1.29m) for its Neo camera.

AIM-listed Andor has experienced steady export growth in its business of making high-spec digital cameras for industry and government since starting as a Queen's spin-out company in 1989.

While the company, headed up by Conor Walsh, did not put a figure on its projected figures for the year ending September 31, 2011, analysts have estimated pre-tax profit for the period at around £8.4m.

The company's board said it was "pleased to report that trading in the first half of the year continued to be strong".

"We anticipate performance for the full year will exceed current market expectations," it added.

The company has staff in Japan but said it was happy to report that all staff were safe and well after the country's devastating earthquake and tsunami.

The board said trials of a new version of the Neo camera had met "extremely encouraging" customer feedback.

The company also recently opened an office in Shanghai.

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