HIGH-end music system specialist Linn Products has reported a 3.5 per cent dip in turnover to £16.3 million in the last year.
The East Renfrewshire firm that counts actor Michael Fassbender among its customers booked a net profit of £1.145m, against £1.39m the previous year, and flagged its launch of a new digital streamer.
Linn, based at Waterfoot just south of Glasgow, described its turnover figure as healthy and also pointed to significant investment in future products.
Linn said it completed upgrades to existing products in 2018 and it also launched the Selekt DSM, a digital streamer it says uses industry-leading design and technology.
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Selekt DSM is the result of Linn’s ongoing, large-scale investment into its Research and Development processes, which received over £2m this financial year, it said.
The design of the product also benefitted from the new in-house machinery and manufacturing processes that resulted from £1.3m spend in 2017, including a new laser etching machine and CNC milling machine.
Linn, established in 1973, is also behind the Sondek LP12 turntable which it claims sets the standard for vinyl playback.
The company said its commitment to ongoing investment enables it better control over the production process, ensuring "ever higher quality" and paving the way for more innovative products.
Gilad Tiefenbrun, Linn managing director, said: "We are delighted to have met our strategic goals during another year in a challenging economy.
"We are particularly excited about Selekt DSM, our new digital streamer with its fresh aesthetic and future upgradeability."
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He added: "Selekt DSM is the direct result of our extensive investment in research, development, our skilled people and our production capability.
"Not only does that enable us to create ground-breaking new products such as Selekt DSM; it also enables us to make our best performing products even better.
"Our extensive, strategic investment programme means we are uniquely placed at the forefront of audio innovation not just today, but for many years to come."
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