- IndigoVision Group swung to a profit in the first half of the year as revenues increased 8.3% thanks to investment in its sales teams and management's efforts to improve operations.

For the six months ending 30 June 2019, the company reported pre-tax profit of $0.345m compared with a loss of $1.05m a year earlier, as revenues increased 8.3% to $24.1m.

The return to profit comes as the company took actions in 2018 to refocus its strategy and drive improvements throughout the business.

'The return to profit in H1, the first time this has been achieved since 2014, is both an important milestone in our progress towards this objective and validation of the new strategy and execution,' the company said.

'As in previous years, sales are expected to be weighted towards the second half of the year and the nature of IndigoVision's business is that the precise timing of customer orders is difficult to predict. Nevertheless, the current indicators continue to support the Board's target to return the Group to profitability in the current year and for the business to deliver an acceptable level of profitability from 2020,' it added.

At 10:04am: [LON:IND] IndigoVision Group PLC share price was +6p at 182.5p

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