The developer of advanced security and surveillance has today issued a strong AGM statement reporting that Q1 revenues were slightly ahead of management's expectations and almost 15% up on the same period in 2017. Order intake was boosted by £1.5m of radio communication contracts received from the MOD announced in February, although excluding those contracts, order intake was still higher than expected. The majority of the above MOD orders were scheduled for delivery in H1.
18 Apr 2018
Q1 revenues +15%. 2018 order coverage up to £15m.
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Q1 revenues +15%. 2018 order coverage up to £15m.
Petards Group plc (PEG:LON) | 7.8 0 0.0% | Mkt Cap: 4.38m
- Published:
18 Apr 2018 -
Author:
Derren Nathan -
Pages:
6
The developer of advanced security and surveillance has today issued a strong AGM statement reporting that Q1 revenues were slightly ahead of management's expectations and almost 15% up on the same period in 2017. Order intake was boosted by £1.5m of radio communication contracts received from the MOD announced in February, although excluding those contracts, order intake was still higher than expected. The majority of the above MOD orders were scheduled for delivery in H1.