COE Group plc, installer of network CCTV systems, has announced its annual results.
It raised just over £0.5m in a placing to existing shareholders, management, the Cambridge Hi-Tech investor base and Institutions. It also announced that sales were up and that the effects of cost reductions 12 months ago were bearing fruit.
The company reported its results for the year to June 2004 which showed continued improvement in revenue through the year, it claimed. Turnover for the year to June 04 was £4.5m and the company further stated that revenues in the second half of 2004 were up 35pc year on year.
What they say
Dick Eykel, the Chaiman, said: "During the last twelve months overheads have been significantly reduced, business has been won and the new digital product range has been shipped into high profile customers in Europe and Asia." The company is exhibiting at IIPSEC from January 25 to 27 on stand CO9.
