SerVision FY Pretax Profit $193,000 Vs Loss $1.06M

30th Jun 2010 08:59

LONDON (Dow Jones)--SerVision PLC (SEV.LN), a developer and manufacturer of digital security systems, said Wednesday that it made pretax profit of $193,000 for the year ended Dec. 31, 2009, compared with loss of $1.06 million MAIN FACTS: -Revenue increased by 13% to $5,367,000 versus $4,732,000 -Operating profit for the period was $285,000 compared to an operating loss of $857,000 for the same period in 2008 -Net profits for the period was $193,000 compared to a loss of $1,064,000 for the same period in 2008 -Strong second half for the year where SerVision reached a net profit of $477,000 compared with a net loss of $316,000 for the same period last year -The company remains hopeful of maintaining it's progress through the remainder of 2010 -Shares at 0755 GMT up 0.50 pence, or 5.88%, at 9.0 pence valuing the company at 3.79 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires June 30, 2010 03:59 ET (07:59 GMT)