Sydney - Friday - February 26: (RWE Australian Business News) - Electro Optic Systems Holdings Ltd (EOS) lifted net profit 10.1pc to $2.44m in the year ended December 31 2009 from $2.21m for the 2008 year.
Revenue fell 5pc to $37.01m from $38.96m.
Basic earnings per share were 4.3c, up from 3.9c.
There is no dividend
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"EOS is positioned for growth in 2010 in all its operating sectors," chief executive Mr Ben Greene said.
"The company has expanded its military product range, particularly with the launch of the R-600 weapon system, and with plants in production and a strong inventory, EOS is better-positioned to respond to current market conditions.
"The consolidation in 2009 of all global technology and marketing rights for all EOS products has allowed a new marketing strategy involving closer ties with international teaming partners.
"EOS is confident its renewed marketing approach, enhanced product range and inventory availability will provide a solid platform for future years.
"EOS is also encouraged by Australian government initiatives to collaborate with industry, particularly through the Giant Magellan Telescope Project and the Australian Space Research Program.
"These programs both leverage strong EOS competencies towards sustainable commercial activities," Mr Greene said.
Sydney - Friday - February 26: (RWE Australian Business News) -...
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