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DDD Group H2 performance in line with H1, sees FY revenues up at £1.4 mln

DDD Group (AIM: DDD) said growth in the second half of 2009 has been in line with that experienced in the first half, and is expecting to report full year revenues of £1.4 million compared to £592,000 for the previous year.

The company also expects to post a 10%year-on-year improvement in profit margins and a 6% increase in operating profit due to exchange rate movements.

During the year, Acer launched its first 3D notebook PC, which started selling in October with shipments of 50,000 units for the year. The Acer Cinereal 3D application for 3D movies, photos and games is based on DDD’s TriDef 3D Experience software for which DDD receives a per unit royalty fee from Wistron Corporation.

The PCs are packaged with trailers for several 3D movies from DDD’s online 3D movies source

The company also began marketing a 2D to 3D conversion process aimed at television networks and studios that are seeking to enter the emerging 3D broadcast market and is presently completing a number of 3D conversion tests of television shows.

DDD expects 3D conversion capability for high definition programming to be instrumental in creating content for 3D broadcast channels, the launches of many of which have recently been announced by broadcasters in the US, Europe and Asia.

“It is pleasing to see that the market for 3D consumer devices is gathering momentum. The company has continued to achieve strong growth in turnover despite facing challenging global economic conditions. The company continues to experience positive interest from additional consumer electronics companies, and expects to secure further licensing contracts, particularly for personal computers, next generation 3D televisions and 3D TV peripherals,” said chairman Paul Kristensen.

Shares in the company rallied 6% on the news.

Disclosure: The author holds no positions in the company