Petards yesterday reported its audited results for the year ended 31 December 2023. Revenue was £9.42m, down 13% (2022: £10.87m), largely due to continued delays in order placement in the UK railway market. The operating loss before exceptional items was £529k (2022: £225k profit) and exceptional acquisition and reorganisation costs were £656k (2022: £nil). The loss after tax was £1.05m (2022: £524k profit). Net funds as at 31 December 2023 were £509k (2022: £1.7m) after deducting IFRS 16 lease ....