IndigoVision screens its maiden dividend

The firm said revenues were up 25 per cent to 15 million in the six months to 31 January, while operating profit rose 15 per cent to 1.4m.

Revealing a 4p interim dividend, the board said it would be "reasonable to expect" that the final dividend would be higher than the previous year. It paid its first final dividend in 2009 and another of 7.5p in 2010.

The company said its profit margins fell "a little more than we had expected" as customers around the globe were recession-hit. For the first time the company has offered customers the ability to add other suppliers' cameras to its systems.

Hamish Grossart, the firm's chairman, said the board was "encouraged" by its performance while acknowledging that the economy might yet cause the company "the odd blip".

He said: "The world continues to experience both economic and political tremors, but there is plenty to be positive about. We have greatly improved our product offering over the last two years. We therefore continue to be confident about the immediate and long term future, whilst being realistic about the economic and country risks for IndigoVision which might cause the odd blip on an otherwise positive trend."

Shares in the firm fell 72p, or 13 per cent, to 483p.