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Harman Company Growth

Harman Company Growth - Harman has reported a significant jump in growth and profits.

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Harman
HARMAN Technology Limited, manufacturer of the world famous ILFORD brand of black and white photographic products, has reported a significant growth in revenue and profits.

Sales increased to £23.6m from £22.6m in the year to 31 December 2011, with operating profits up to £2.2m from £1.9m the previous year.

The company says new products and improved operational efficiencies have driven profits up, and that this trend is set to continue into 2013 when further products and fresh income streams will be unveiled.

One example is the development of Silver Chloride compounds which can be used by companies making a new wave of anti-microbial products used in products from fridges to textiles such as socks that reduce foot odour and fungal growth in laminated furniture.

Despite a global decline in demand for monochrome film and paper, Harman has seen growth in its ILFORD black and white division. Growth is mainly being driven by demand from North America which accounts for over 40 per cent of export sales

For more information, visit the Harman website.

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