IndigoVision boosted by record revenues

Digital CCTV specialist IndigoVision today said its trading performance remained strong after unveiling record annual sales.

The Edinburgh-based firm said revenues for the 12 months to 31 July grew 16 per cent to £37.2 million, helping to drive operating profits up 20 per cent to almost £2.5m.

Chief executive Marcus Kneen said: “More importantly, IndigoVision’s position as a key industry innovator has been enhanced through rapid development of our product range, and internal and customer confidence is high.”

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Kneen said current trading was “strong” as the Aim-quoted company shifts to a 31 December year end.

Because of the change in accounting periods, IndigoVision announced a second interim dividend of 6p – up 9 per cent on last year’s final dividend – to be paid on 16 October. It also plans to recommend a final dividend, which will be announced alongside its results for the 17 months to the end of December.

The company also said it has “well-developed plans to protect IndigoVision’s business and the interests of stakeholders” should there be a Yes vote in tomorrow’s independence referendum.