Irish digital-camera maker Andor Technology Plc, with U.S. headquarters in South Windsor, said Tuesday strong sales in the U.S., China and Japan drove first-half revenue and profits up sharply.
Andor, based in Belfast, Northern Ireland, said its adjusted operating profit grew 85 percent in the six months ended March 31 to $4.7 million (3.2 million British pounds) from $2.5 million (1.7 million pounds)Â the same period a year ago.
Earnings per share rose in the latest period to an adjusted 13.8 cents (9.32 pence) from 8 cents (5.39 pence) the six-month period a year ago.
The company’s first-half results reflect a conversion to the European Union’s international financial reporting standard from the United Kingdom’s generally accepted accounting principles.
The conversion was prompted by Andor’s December acquisition of Swiss image processor Bitplane AB.
Andor’s high-performance digital and X-ray cameras are used in industrial applications and academic and government research. Its high-speed cameras have allowed scientists to record subatomic events occurring within one-billionth of a second.
CEO Conor Walsh said China sales rose 71 percent in the first half, while sales in the U.S. and Japan rose 30 percent and 33 percent, respectively.
