Barco Enjoys Good Margins

Barco announced its first half results with revenue of €498 million ($580 million), down 3.8% from €518 million ($603 million) last year, although this was up 2.7% on a constant currency basis. Net profit rose to €27.3 million ($31.7 million) from €19.2 million ($22.3 million). All divisions saw improved margins and the company expects to see profit growth for the year. The firm’s new cinema venture, Cinionic, saw its first renewal contracts and the first 50 Unisee LCD videowall installations were completed.