SDI Group Share News (SDI)

(Sharecast News) - Scientific Digital Imaging on Tuesday reported a rise in interim profits after achieving organic revenue growth and a series of acquisitions.For the six-month period ended 31 October the digital imaging product designer and manufacturer's profit before tax came in at £1.2m, up 42% from the same period last year, as revenue jumped by 23% to £8m.The revenue improvement was driven by organic growth of 11% and the acquisition of Fistreem International, which is expected to be earnings enhancing in the current financial year, for consideration of £0.8m.At the end of the period cash and cash equivalents stood at £2.3m, up from £1.1m at the same point last year.Ken Ford, chairman of SDI, said: "This has been a record-breaking six-month period with 23% sales growth and 31% growth in adjusted operating profit. All our businesses are in good health and are prepared to trade profitably through any potential turbulence, while also developing new opportunities."A statement from SDI added that the company intends to acquire at least one other company before the end of the financial year as it continues a strategy of organic and acquisitive growth."The board remains confident in the outlook for the year as current trading remains robust and comfortably in line with market expectations. SDI is continuing to review acquisition opportunities of profitable businesses and intends to add other companies to the group," said Ford.SDI's shares were up 4.06% at 35.90p at 0853 GMT.