Datong reports good sales pipeline

SPY gadgets firm Datong said its performance was being affected by the tough global economic climate.

In the year to September 30, the company’s revenue was £11.75m, compared with £14.06m last year.

Operating profit before exceptional items was £50,000, compared with £800,000 the year before.

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Brian Smith, the Leeds-based company’s chief executive, said: “Good progress continues to be made in Datong’s own products business with strong customer interest in new products and significant sales being made. However, third party product sales volatility has had a short term adverse impact.

“The current world economic climate and its affect on our customers’ budgetary policies is impacting Datong with the timing of orders not following usual trends. Nevertheless, Datong is well positioned in the intelligence gathering sector with a good sales pipeline, and consequently, the board remains confident that the group’s strategy will continue to drive the business forward.”

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