The Group has announced results for the year to end September 2019. Revenues were ahead 34% yoy and adjusted operating profit more than doubled to £2.2m which was marginally ahead of our forecast. The year has seen the disposal of the loss making Alternative Energy division, and important management and operational changes to support sustainable long term growth. Whilst there have been successes with order intake, new customers and in new markets, the year has not been without its challenges, pa ....
17 Dec 2019
A year of good overall progress
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A year of good overall progress
Pressure Technologies plc (PRES:LON) | 40.5 -0.6 (-3.6%) | Mkt Cap: 15.7m
- Published:
17 Dec 2019 -
Author:
Richard Hickinbotham -
Pages:
3
The Group has announced results for the year to end September 2019. Revenues were ahead 34% yoy and adjusted operating profit more than doubled to £2.2m which was marginally ahead of our forecast. The year has seen the disposal of the loss making Alternative Energy division, and important management and operational changes to support sustainable long term growth. Whilst there have been successes with order intake, new customers and in new markets, the year has not been without its challenges, pa ....