By Anthony Clark, Plastics & Rubber Weekly
Birmingham, UK -- CADCAM developer Delcam has announced that the company achieved record six-month sales and increased profits during the first half of 2010. Sales increased by 12 percent over the same period of last year to £18.1 million, while pre-tax profits were substantially higher at £1.1 million, an improvement of approximately £790 000 on the first half of last year.
Commenting on the results, Delcam chairman Peter Miles, said: "These encouraging results reflect recovery across all our major territories globally and were supported by our decision to maintain investment in product development and marketing during the downturn in order to gain commercial advantage.
"As we look ahead over the remainder of the year, while we are very encouraged by the company's trading performance in the first half, the ongoing improvement in sales and profitability will be materially influenced by the final quarter of the year, which is our most important trading period, historically.
"We remain optimistic that the improving trend will continue and, if this remains the case, we would expect trading results for the year to 31 December 2010 to show a significant improvement on results for 2009."
PIC: Delcam staff pictured after gaining a
Queen's Award forEnterprise for continuousdevelopment of software for dentalrestorations. "