Andor Technology's pre-tax profits hit £10m

Neo sCMOS camera Andor Technology makes highly sensitive cameras for use in scientific research

Related Stories

Andor technology, the Belfast-based camera maker, has made pre-tax profits of £10m this year.

The figure is up by £282,000 from 2011.

Andor, which makes high performance digital cameras for use in scientific research, is one of only three companies from Northern Ireland listed on the stock exchange.

This is the first year that the firm has paid out a dividend to shareholders.

Chief Executive Conor Walsh said the company would still re-invest 10% of turnover into its base on the Springfield Road in west Belfast.

"That will be £5m to £6m of investment this year," he said.

"During the last year we spent £1.5m extending the facilities, and adding new people."

However, in the current climate, he stressed that the 2p per share dividend was particularly important, in order to reward shareholders.

Despite most of Andor's business coming from laboratories who are dependent on grant funding, the orders are still flowing. Mr Walsh said the company was planning for growth to continue over the coming years.

Listen to the NI Business News podcast to hear the full interview with Conor Walsh.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

Features

  • Atletico's Diego Godin celebrates his goal with teammate David VillaWeek in pictures

    Selection of the best news photographs from around the world


  • Susanne du ToitTop 10 Tips

    Portrait painter Susanne du Toit on being an artist


  • StampsPost Independence

    Will stamps get cheaper if Scots go it alone?


  • Rhea10 things

    Rhea birds can be extremely dangerous, plus other factlets


  • Plane at Shannon airportShannon's call

    The airport that hosted a roll-call of presidents


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.