StockMarketWire.com - Inkjet printing technology group Xaar said it expected to report an adjusted profit for the second half of the year, with annual revenue for the full-year expected to come in higher.

Revenue for the year ended December 2021 was expected to be approximately £59 million, representing an increase of 23% relative to 2020.

'Strong revenue growth and cost management actions mean the board expects to report an adjusted profit for the second half of the year,' the company said.

'We ended the year well with an improved second half performance which shows the positive momentum we have in the business,' it aded.

'Strong order intake over the last few months gives us confidence of maintaining this momentum into 2022.'




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