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Spectra Systems reveals 'double win' in half year interim profits and new optical materials customer

Published: 19:22 07 Sep 2021 BST

Spectra Systems Corporation (AIM:SPSY) PLC CEO Nabil Lawandy caught up with Proactive New York to speak about the group's record interim profits and the first order for its technology to be used in Keurig K-cup disposable coffee pods.

Lawandy says interim half year results showed revenue rise by 23% to $8M compared to 2020, with underlying profits 44% higher at $3.56M and pre-tax profits up 52% to $3M, and cash generated from operations almost doubled to $4.4M. Lawandy says a new customer in its optical materials area will 'double the business.'

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on 5/12/23