DDD Group PLC (DDD.L) Monday posted a profit for the year versus a loss last year, mainly on the back of increased revenue, thanks to the international development of the 3D consumer market.
For the period, the firm reported pre-tax profit from continuing operations of $1.31 million versus a loss of $96 thousand a year earlier.
Profit after tax for the year stood at $764 thousand compared with a loss of $582 thousand last year.
On a per share basis, the firm posted earnings of 0.55 cents compared with a loss of 0.43 cents last year.
Revenue for the year witnessed an improvement at $8.62 million from $5.53 million posted a year earlier.
Commenting on the results, the CEO said, "The Group has recorded its second consecutive year of strong revenue growth as the 3D consumer market continues to develop internationally. More than 15 million products with DDD's 2D to 3D solution were manufactured during the year, delivering the Group's maiden full year profit after tax, following our transition into profitability in the second half of 2011."
Looking ahead, the firm said the current year has started in line with the Board's expectations and is confident it can build further on the momentum achieved to date to maintain its
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