Today’s interim trading update reveals solid 10% YoY growth in H1 revenue to £2.9m, driven by the OEM & Modules and em-trak business units (up 12% and a remarkable 60% respectively). No Projects revenue was booked in this half as no milestones were completed. The cost base was scaled up substantially over H2 last year and this led to a H1 LBT of £1.7m; up from the £1.1m loss in H1 2016 despite the sales growth. The company ended the half with £2.1m in gross c
10 Oct 2017
Expecting strong Projects deliveries in H2
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Expecting strong Projects deliveries in H2
SRT Marine Systems plc (SRT:LON) | 30.0 0 0.0% | Mkt Cap: 66.8m
- Published:
10 Oct 2017 -
Author:
Cavendish Research -
Pages:
2
Today’s interim trading update reveals solid 10% YoY growth in H1 revenue to £2.9m, driven by the OEM & Modules and em-trak business units (up 12% and a remarkable 60% respectively). No Projects revenue was booked in this half as no milestones were completed. The cost base was scaled up substantially over H2 last year and this led to a H1 LBT of £1.7m; up from the £1.1m loss in H1 2016 despite the sales growth. The company ended the half with £2.1m in gross c