The Group has announced that its subsidiary Chesterfield Special Cylinders (‘CSC’) has won a second major contract with EDF Energy worth over £3m and also that it now expects a delay in the recognition of revenue and profit on the raw material milestone for the supply of cylinders for the second Dreadnought submarine from Q4 FY2020 to Q1 FY2021. The statement notes a strong outlook for CSC as it continues to diversify away from its historic dependence on the oil & gas sector where challenging tr ....
30 Sep 2020
Major contracts and trading update
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Major contracts and trading update
Pressure Technologies plc (PRES:LON) | 37.5 0 0.0% | Mkt Cap: 14.5m
- Published:
30 Sep 2020 -
Author:
Richard Hickinbotham -
Pages:
3
The Group has announced that its subsidiary Chesterfield Special Cylinders (‘CSC’) has won a second major contract with EDF Energy worth over £3m and also that it now expects a delay in the recognition of revenue and profit on the raw material milestone for the supply of cylinders for the second Dreadnought submarine from Q4 FY2020 to Q1 FY2021. The statement notes a strong outlook for CSC as it continues to diversify away from its historic dependence on the oil & gas sector where challenging tr ....