Synectics anticipates reporting adj. PBT in line with market expectations (SSL - £3.0m) on broadly flat revenues (SSL now forecasting £70.0m vs £73.0m) for the year to end November 2017. This continues the trend of meeting/beating adj. PBT forecasts as management concentrates on markets where it can make better margins with gaming again the best performing area. Net cash of £3.9m was c.£0.9m ahead of our forecast. At this stage, other than to FY2017 sales, we mak
12 Dec 2017
Reassuring trading update
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Reassuring trading update
Synectics PLC (SNX:LON) | 188 0 0.0% | Mkt Cap: 33.4m
- Published:
12 Dec 2017 -
Author:
Robert Sanders -
Pages:
2
Synectics anticipates reporting adj. PBT in line with market expectations (SSL - £3.0m) on broadly flat revenues (SSL now forecasting £70.0m vs £73.0m) for the year to end November 2017. This continues the trend of meeting/beating adj. PBT forecasts as management concentrates on markets where it can make better margins with gaming again the best performing area. Net cash of £3.9m was c.£0.9m ahead of our forecast. At this stage, other than to FY2017 sales, we mak