Andor Technology has reported “good progress”, particularly in sales and product development for the first four months of its current financial year.

Addressing the company’s annual general meeting in London yesterday, Andor’s non executive chairman, Colin J Walsh, said the company had traded in line with levels similar to those experienced in the second six months of the last financial year.

The west Belfast-based company, which manufactures high-performance digital cameras, reported its highest ever annual pretax profits of £10 million last December.

Mr Walsh said he expected the trading pattern to continue for the remainder of the first half.

He outlined that a new sales structure had been implemented across the business, which was already enabling the company to place greater focus on its sales efforts in four distinct market segments.

Mr Walsh added: “Innovation and product development remain paramount at Andor. Market conditions remain challenging, but we continue to believe we have the right products, focus and platform to generate solid, long-term growth.”