Today’s results for YE March 2020, are somewhat historic having been flagged by the trading update back in April. However, they do reflect the impact that COVID-19 has had on international business, as well as actions SRT has taken to secure its future. Lockdowns put a hold on existing and new system projects, causing a delay in both revenues and expected contract signings during the final months of FY 2020 through H1 2021. Also, we highlight that SRT has prudently impaired an existing
09 Sep 2020
SRT Marine Systems - FY 2020 results in line with April update
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SRT Marine Systems - FY 2020 results in line with April update
SRT Marine Systems plc (SRT:LON) | 29.8 0 0.0% | Mkt Cap: 66.2m
- Published:
09 Sep 2020 -
Author:
Cavendish Research -
Pages:
14
Today’s results for YE March 2020, are somewhat historic having been flagged by the trading update back in April. However, they do reflect the impact that COVID-19 has had on international business, as well as actions SRT has taken to secure its future. Lockdowns put a hold on existing and new system projects, causing a delay in both revenues and expected contract signings during the final months of FY 2020 through H1 2021. Also, we highlight that SRT has prudently impaired an existing