As expected from the 1H24 trading update, SRT Marine Systems has reported £5.5m revenue derived entirely from the Transceivers division, but with substantial levels of critical preparation activity in the Systems division in advance of equipment delivery revenue milestones expected in H2. Progress on the £160m Systems order book continues in line with unchanged FY24 revenue expectations, underpinned by the expected completion of revenue milestones from scheduled deliveries during H2. Importantly ....
