Quantel has announced record results for its most recent financial year with profits alone leaping 125% to £9m.
The provisional figures for 2009/100, ending 30 September, showed that orders were up 34% compared with last year while profit (EBIT) increased 125% to £9 million.
Quantel chief executive Ray Cross said: “These results have been achieved in the face of challenging market conditions which have seen many other companies in our sector struggling. On the very last day of the financial year we took £10 million in new orders from existing customers which will feed straight into next year’s figures.”
In 2008/09 the editing, effects and broadcast systems maker generated unaudited revenues of £39.1m, itself an increase of 12% on the previous year’s £34.9m.
During the same period, its operating profit was roughly £4m. In 2007/08 Quantel made an operating loss of £11.5m.