Scotland business

Dundee ATM ad firm i-design expects maiden profit

generic ATM
Image caption The Dundee ATM ad firm has signed two major contracts in the past year

Dundee ATM advertising firm i-design has surprised the market by announcing it expects to achieve a small maiden profit this year.

The company, which reported losses of £105,000 in the six months to the end of March, said sales had been boosted by contracts with two new major ATM network owners.

Last May, i-design signed a contract with Barclays bank to supply software.

The deal followed a contract with ATM solutions provider YourCash Limited.

In a trading statement, the firm said: "The directors are pleased to announce that i-design is expected to report a small maiden profit before taxation for the financial year.

"This is ahead of current market expectations of a loss before taxation.

"Sales, anticipated at approximately £3.5m, are also ahead of market forecasts, as is the cash and cash equivalents position which is expected to be approximately £900,000."

Full year results will be announced in early December when the company will provide a further update on current trading and progress.

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