TTP Labtech achieves record-breaking financial performance in 2014/15

TTP Labtech has reported record orders of 20.1 million pounds for the year ending March 31st 2015, a total bolstered by the successful launch of several new products.

Its new Dragonfly and Arktic product lines have seen significant market uptake since their introduction, helping the company increase its revenue by 7.5 percent to 18.7 million pounds. 

Strong performance was seen across TTP Labtech's liquid handling, imaging and sample storage product ranges during the period, with the positive reception to Arktic in particular resulting in a strong order book for the new financial year.

Additionally, it has been able to strengthen its global reach by adding new distributors in Singapore, Taiwan and Qatar, and opening a new office in Dehli.

David Newble, newly-appointed managing director of TTP Labtech, said: "The potential of this approach is demonstrated by the number of new products we have in development, some of which will be launched in 2016/2017, making for a very exciting year ahead."

Mr Newble assumed his new position last month, succeeding company founder Dr Jas Sangera, who has remained as its chairman.