AVT is one of the world’s leading suppliers of automatic optical inspection and quality assurance systems for the printing and packaging industry.
Its second quarter sales were $US 7 million, 13% above same period in 2005, and up 3% over the first quarter this year.
Net income for the quarter rose 52.9% to $US 1.7 million ($US1.1 million for the same period in 2005). Net income for the first six months of 2006 rose by 58.4% to $US2.9 million ($US1.8 million for the same period in 2005).
New order bookings for the second quarter totalled $US6 million, making a six-month total of $US12.5 million.
Solid growth was recorded in Europe and the Americas while new order booking in South East Asia was soft.
Shlomo Amir, AVT’s CEO says: “AVT’s continued growth is proof that the solutions we offer packaging and labels printers and converters are the one that most fully meet their requirements.
“The steady growth of our profitability is the result of increasing sales and income from service contracts as the number of installations grows.”
Service revenues for the first six months of 2006 grew to $US849,000, up 55.2% over the same period of 2005. AVT’s commitment to, and investment in, research and development continues. As a result of these activities, more than 1300 systems are now installed worldwide, Amir says.
“The combination of process control and quality assurance provided by AVT solutions is now widely recognised as driving bottom-line profits at printing companies through savings in time, waste and job rejections.”
