Compelo Packaging is using cookies

ContinueLearn More
Close
Dismiss

AVT posts growth for Q2

Advanced Vision Technology (AVT), the provider of automatic optical inspection and quality assurance systems for the printing and packaging industries, has announced revenue of US $8.06M for the second quarter of 2007, an increase of 15.0 per cent over the same period in 2006 (US $7.01M). Its half yearly revenue rose to US $5.9M.

Whilst the net income for the quarter was up 13.9 per cent over Q2 2006 to US$ 1.94M, its net income for the first six months of 2007 rose 18.4 per cent to US $3.47M.

AVT also recorded a 50.5 per cent increase in order bookings whilst its service revenues rose by more than a third. The order bookings for the first half of 2007 totalled US $18.83M while its service revenues totalled US $1.17M, an increase of 38.2 per cent over the same period in 2006.

The company has also increased R&D investment in the first six months of 2007, up 28.9 per cent over the same period of 2006 to US $2.23M.

Looking forward, Shlomo Amir, president and CEO says: “The second half of the year will feature a strong presence at Labelexpo Europe in September, where the company’s entire range of solutions for label printers will be featured on our own and on industry-leading partners’ stands.”



Contacts

Advanced Vision Technology
Tel: +972 9 761 4444





External weblinks
Converting Today is not responsible for the content of external internet sites.

Advanced Vision Technology