This was another year of strong growth in profit and cash for SimiGon as it established itself as a prime contractor in the global defence industry. Underpinned by cash and long-term contracts, the outlook is bright – with significant upside potential from follow-on contracts and the expansion of Chinese civil aviation. Revenue growth in 2014 was slightly slower than expected, but reduced overheads and exceptional margins saw profits substantially exceed forecasts, leading to confidence

13 Apr 2015
FY 2014 profit flies above expectations

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FY 2014 profit flies above expectations
- Published:
13 Apr 2015 -
Author:
Cavendish Research - Pages:
-
This was another year of strong growth in profit and cash for SimiGon as it established itself as a prime contractor in the global defence industry. Underpinned by cash and long-term contracts, the outlook is bright – with significant upside potential from follow-on contracts and the expansion of Chinese civil aviation. Revenue growth in 2014 was slightly slower than expected, but reduced overheads and exceptional margins saw profits substantially exceed forecasts, leading to confidence