Xaar carries strong performance over to 2012

Xaar has managed to carry its strong growth figures from 2011 over to Q1 of 2012, announcing that sales were up 20 per cent for the quarter, in line with expectations.

In its interim management statement, covering trading from 1 January 2012, Xaar said product gross margins were, as expected, ahead of the first quarter of 2011, and in line with the margins achieved in the second half of 2011.

The revenue growth in 2012 over 2011 was achieved through sales of products servicing industrial markets, where demand continues to grow, while sales into other markets have performed in line with expectations.

The company added that the staffing issues it had been experiencing in China with an apparent walkout by staff had now been resolved following resignations at Xaar's Chinese offices earlier this year.

 

blog comments powered by Disqus