EOS (ASX:EOS) bounces back in 1H from 1H09 slump

EOS (ASX:EOS) bounces back in 1H from 1H09 slump

Optics technology developer Electro Optic Systems (ASX:EOS) has lifted its first half profit a massive 1,117.5% to $1.9 million, after a 95% decrease in profit in 1H09.

But revenue fell 25.2% to $16 million over the same period.

The company said it had several projects in the pipeline in its core remote weapons and space systems businesses, including contracts to supply at least 10% of the $1 billion Giant Magellan Telescope project.

EOS shares are today trading unchanged at $1.200.

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Tags ASX:EOSOpticsfinancial resultsElectro Optic Systems

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