Andor profits rise 67% to €3.9m

ANDOR Technology has marked its 20th year in existence with a strong set of results, including a 67% rise in pre-tax profit to £3.5 million (€3.9m).

The Belfast-headquartered company — which makes high-end industrial digital camera equipment for the scientific research market among other areas — also generated operating profits of £3.4m for the 12 months to the end of September, marking a 63% annual increase.

The company’s turnover rose for the 12th year in succession — by 34% to £33.1m and earnings per share (Andor has a dual share listing on London’s AIM market and the IEX in Dublin) were up by nearly 80% at 11.57p.