Results from PEN this morning for the year to December 2019 are fully in line with expectations, with £1.6m of EBITA from £20.4m of revenues, also £1.6m PBTA. Net debt at £2.2m is likewise well aligned to expectations. Successful fulfilment of the major Qatar contract is a powerful reflection of PEN's specialist technical capabilities and client-orientated model. In addition, a key challenge for 2019, the successful re-scoping of the General Dynamics contract, was also met. Before, the bulk ....
20 Apr 2020
WHI First Light: Pennant International (PEN)
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WHI First Light: Pennant International (PEN)
Pennant International Group plc (PEN:LON) | 28.5 0 0.0% | Mkt Cap: 10.5m
- Published:
20 Apr 2020 -
Author:
Nick Spoliar -
Pages:
5
Results from PEN this morning for the year to December 2019 are fully in line with expectations, with £1.6m of EBITA from £20.4m of revenues, also £1.6m PBTA. Net debt at £2.2m is likewise well aligned to expectations. Successful fulfilment of the major Qatar contract is a powerful reflection of PEN's specialist technical capabilities and client-orientated model. In addition, a key challenge for 2019, the successful re-scoping of the General Dynamics contract, was also met. Before, the bulk ....