SDI makes 'good start' to new financial year

SDI Group said in a trading update on Wednesday that it had made a “good start” to its new financial year.

The AIM-traded company, focussed on the design and manufacture of scientific and technology products for use in digital imaging and sensing and control applications, was holding its annual general meeting.

“The board expects that the results for the full year will be delivered in line with market expectations,” SDI said in its short statement.

It added that its currently-considered market expectations, based on an average of forecasts from finnCap and Progressive Equity Research, was for sales of £62.85m and adjusted profit before tax of £11.75m.

At 1602 BST, shares in SDI Group were down 0.62% at 161p.

Reporting by Josh White at Sharecast.com.