The Interims largely reiterated the results in the October trading update and management remains confident about the second-half performance. H1 saw solid 10% YoY growth in sales to £2.9m, driven by the OEM & Modules and em-trak businesses (up 12% and an impressive 60% respectively). No project revenue was booked in H1 as no milestones were completed. The cost base was scaled up over H1 last year and this led to a H1 adj. LBT of £1.6m, up from a £1.1m loss LY despite the
20 Nov 2017
Projecting a strong H2
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Projecting a strong H2
SRT Marine Systems plc (SRT:LON) | 22.5 -0.1 (-2.2%) | Mkt Cap: 50.1m
- Published:
20 Nov 2017 -
Author:
Cavendish Research -
Pages:
12
The Interims largely reiterated the results in the October trading update and management remains confident about the second-half performance. H1 saw solid 10% YoY growth in sales to £2.9m, driven by the OEM & Modules and em-trak businesses (up 12% and an impressive 60% respectively). No project revenue was booked in H1 as no milestones were completed. The cost base was scaled up over H1 last year and this led to a H1 adj. LBT of £1.6m, up from a £1.1m loss LY despite the