in first half of 2005
Advanced Vision Technology Ltd. (AVT) has announced records in revenues, margins and profitability for the second quarter and the first six months of 2005.
The company, based in Hod-Hasharon, Israel, is listed on Prime Standard of Frankfurt Stock Exchange. It manufactures automatic inspection and quality assurance systems for the printing industry.
AVT’s revenues for the second quarter reached $6.2 million, an increase of 20 percent compared with the same quarter of the previous year, and an increase of 3.5 percent over the first quarter of 2005. For the first six months of 2005, revenues were $12.2 million, an increase of 22 percent over the first half of 2004.
Net income for the first half year grew by 116 percent to $1.8 million. In the first 6 months of 2005, operating activities produced cash of $3.5 million compared to $0.4 million in the same period of 2004.
AVT opened a new representative office in Shanghai, China, in April.