Adjusted revenues were up £67.2m (2012: £37.9m) for the six months ended 30 June.
The firm said that its “significant progress” had been driven by the continued success of its digital inkjet products which are transforming industrial applications through the achievement of cost, efficiency and end-product improvements when compared to traditional analogue manufacturing techniques”.
Packaging growth
Chairman Phil Lawler said it was “pleasing to see applications in the packaging market generating additional growth and some recovery in the graphics market from the low point of a year ago”.
Lawler added: “Once again I am pleased to report continuing and significant progress in the development of our business.
“This has been driven by the continued success of our digital inkjet solutions which are transforming industrial applications through the achievement of cost, efficiency and end-product improvements when compared to traditional analogue manufacturing techniques.
The company is positioned to continue to grow over the longer term, albeit at a slower rate than experienced over the last few years.
“Our decision to accelerate our investment in product development and technology research is intended to strengthen our competitive position and develop major new opportunities on a global stage. We remain optimistic and excited about Xaar’s long-term potential.”
