Boosted by an exceptionally strong gaming performance and currencies Synectics delivered an 83.9% increase in adj. PBT to £2.6m (SSL forecast £2.4m) on revenue of £70.9m (£71.0m) for FY2016. Net cash of £2.2m was also slightly better (£2m) although the 2p dividend was below (3p). We have adjusted our forecasts to reflect a more normal outlook for gaming in FY2017E and we still do not anticipate any meaningful recovery in oil & gas until FY2018E. Despite
21 Feb 2017
Profit growth continuing at a slower pace
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Profit growth continuing at a slower pace
Synectics PLC (SNX:LON) | 188 0 0.0% | Mkt Cap: 33.4m
- Published:
21 Feb 2017 -
Author:
Robert Sanders -
Pages:
8
Boosted by an exceptionally strong gaming performance and currencies Synectics delivered an 83.9% increase in adj. PBT to £2.6m (SSL forecast £2.4m) on revenue of £70.9m (£71.0m) for FY2016. Net cash of £2.2m was also slightly better (£2m) although the 2p dividend was below (3p). We have adjusted our forecasts to reflect a more normal outlook for gaming in FY2017E and we still do not anticipate any meaningful recovery in oil & gas until FY2018E. Despite