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SDIGROUP Interim Results Released : 07 - Dec - 2021 07:00 RNS Number : 7523U SDI Group PLC 07 December 2021 SDI Group plc ( " SDI " , " SDI Group " , the " Company " , or the " Group " ) Interim results for the six months ended 31 October 2021 SDI Group plc , the AIM quoted Group focused on the design and manufacture of scientific and technology products for use in digital imaging and sensing and control applications , is pleased to announce another strong set of results and solid operational progress for the six months to 31 October 2021 . Financial Highlights • Revenue increased by 75 % to £ 24.7m ( FY21 H1 : £ 14.1m ) , including 42 % organic growth ○ Continued strong contribution from Atik Cameras due to one - time COVID - 19 - related contracts , expected to complete by January 2022 £ 4.6m sales contribution from Monmouth Scientific and Uniform Engineering , acquired in FY21 H2 о Organic sales growth in all other businesses averaged 22 % Reported operating profit increased by 105 % to £ 5.2m ( FY21 H1 : £ 2.5m ) о Adjusted operating profit * for the period increased by 82 % to £ 5.8m ( FY21 H1 : £ 3.2m ) • Reported profit before tax increased by 115 % to £ 5.1m ( FY21 H1 : £ 2.4m ) о Adjusted profit before tax * increased by 89 % to £ 5.7m ( FY21 H1 : £ 3.0m ) • Reported diluted EPS increased by 76 % to 3.43p ( FY21 H1 : 1.95p ) 0 Adjusted diluted EPS * increased 59 % to 3.92p ( FY21 H1 : 2.47p ) • • Cash generated from operations decreased by 6 % to £ 4.4m ( FY21 H1 : £ 4.7m ) о Prior year included a substantial build - up of customer down payments related to the one - time COVID - 19 - related contracts Net cash ** at 31 October 2021 of £ 1.1m ( 30 April 2021 : £ 0.8m ) Deferred consideration outstanding was £ nil ( 30 April 2021 : £ 2.35m ) * before reorganisation costs , acquisition costs , amortisation of acquired intangibles and share based payment costs ** cash and cash equivalents less bank finance Operational Highlights • Our FY21 acquisitions of Monmouth Scientific and Uniform Engineering have performed ahead of management's expectations and have been fully integrated into the Group • On 1 November 2021 , we renewed and expanded our committed loan facility with HSBC to £ 20m , with a further accordion option of an additional £ 10m ( at the discretion of HSBC ) , which , with our current net cash position and strong cash flow , provides sufficient funding for acquisition opportunities Ken Ford , Chairman of SDI Group , said : " We are pleased to report yet another strong set of financial results . SDI Group continues to execute on its business model , investing in quality businesses that are able to grow while generating cash . We look forward to delivering a full year performance in line with market expectations1 . "