The developer of advanced security and surveillance systems today reported its final results for the year ended 31 December 2019. Revenues of £15.7m were in line with guidance given in the February trading update. As also trailed previously, Petards reported a loss over the full year despite being profitable at all levels in H1. On an adjusted EBITDA basis, Petards reported a £281,000 loss (2018 restated: £1,501,000 profit) primarily due to a major customer re-scheduling eye
18 Jun 2020
£10m order coverage for 2020, continuing to win new business, & strong growth in support contracts
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£10m order coverage for 2020, continuing to win new business, & strong growth in support contracts
Petards Group plc (PEG:LON) | 7.5 0 0.0% | Mkt Cap: 4.24m
- Published:
18 Jun 2020 -
Author:
Derren Nathan -
Pages:
9
The developer of advanced security and surveillance systems today reported its final results for the year ended 31 December 2019. Revenues of £15.7m were in line with guidance given in the February trading update. As also trailed previously, Petards reported a loss over the full year despite being profitable at all levels in H1. On an adjusted EBITDA basis, Petards reported a £281,000 loss (2018 restated: £1,501,000 profit) primarily due to a major customer re-scheduling eye