Page last updated at 11:16 GMT, Wednesday, 30 September 2009 12:16 UK

Profits up at video security firm

Generic artwork of security camera
The firm is to pay out its first ever dividend to shareholders

The Edinburgh-based video security firm IndigoVision has announced pre-tax profits for the full year of £3.3m, an increase of more than 30%.

The company develops and makes internet-based video security systems which are used in airports, casinos and border crossings worldwide.

IndigoVision has staff in 22 countries, with most of its employees based at its headquarters in Edinburgh.

The company is recommending a dividend payment of 5p per share.

The company's chairman, Hamish Grossart, said: "The directors believe there is now sufficient balance sheet strength to commence the payment of dividends to shareholders, who have patiently supported IndigoVision as its business has been developed".

IndigoVision was founded in 1994 and its systems are now used in about 80 countries.

The firm has provided security systems for four Olympic Games, three G8 summits and one G20 summit.

In July, Indigo won a contract from the Canadian authorities to supply high-definition CCTV cameras to monitor the country's border with the United States.

A month later it predicted its full year results would be better than expected which sent its share price soaring.

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