Orad posting record earnings in Q2 2007
Sales up by 13 percent to USD 5.2 million. Positive business development to continue in second half of the year
In the first half of 2007 Orad increased sales to USD 9.9 million after USD 8.9 million in the previous year. Net income for the first half of 2007 was recorded at USD 0.45 million compared to USD 0.40 million in the first half of 2006.
Successfully marketing Orad products in North and South America was one of the growth drivers in Q2 2007. In the period under review the North and Central American football association CONCACAF purchased TV graphics systems for several hundred thousand dollars. Given this extremely positive development in orders Orad believes that business is going to continue to develop positively in the second half of the year.
ORAD Hi Tec Systems GmbH
Founded in 1993, Orad is a world leader in TV production technology and is rapidly increasing its position in the real time 3D graphic market. Orad’s product line includes virtual sets, on-air graphics systems, channel branding, virtual advertising, sports production solutions and hardware for the Virtual Reality industry. Orad is a publicly traded company in the Prime Standard on Frankfurt’s Wertpapierbörse Prime Standard and AIM Market of the London Stock Exchange (symbol: OHT).www.orad.tv