Telemis reports 4% rise in annual revenues

PACS firm Telemis reports a growth of approximately 4% in its annual revenues.

Audited accounts for the year to 31st March 2013 show that Telemis' annual revenues rose from 7.5 million euros to 7.8 million euros and net profit increased to 1 million euros.

The growth will allow the company to continue to fund its intensive five-year research and development budget that currently runs at 11% of total sales (862,070 euros), the company said.

Growth was fuelled by a combination of new product introductions, local office expansion, and major European projects, Telemis said.

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