Colortrac announces strong financial results and 41% growth in SmartLF large format scanner unit sales

Colortrac, an important innovator in the field of wide format scanning technology, has achieved record unit sales, revenue and profit in their financial year ending April 30th 2011. Excluding business from OEM customers, world-wide unit sales of Colortrac brand SmartLF large format scanners increased by 41% over the previous year. Colortrac's consolidated result (unaudited) shows that group revenues increased by 24% to USD 14.18 million, with a corresponding increase in pre-tax profits of 20%.

Expanding on the implications of these extraordinary results, Colortrac Sales and Marketing Director Peter de Winter-Brown noted that "Clearly the worldwide economic downturn has had an impact on the performance of many markets over the past two years. However, our long term investments, both in competitive manufacturing at our factory at Suzhou, China and in our technology developments, are now providing us with greater capacity to react to our customers' requirements in product quality, performance, functionality and value. These financial results and the growth in market share are a strong validation of our strategic product and business direction. It is providing a profitable base from which to continue our market expansion."

Furthermore, Peter said "I am also delighted that our customers have seen the long term benefits of the quality, innovation and creative thinking we put into the SmartLF wide format scanners that we produce. Customers understand how these technical initiatives produce features that can increase their business productivity and performance. We have a rapidly increasing order book which, combined with planned new product introductions, should provide us with continuing profitable growth in our business, even in this difficult economic climate."