1H23 saw a welcome return of significant Systems revenue alongside strong yoy growth for the Transceivers business. In the past two years, the pandemic slowed installation of existing Systems contracts and paused the processing of new deals, leaving SRT to rely on c.£8m pa of Transceivers sales. With lockdown restrictions easing around the world this year, Systems deployment has accelerated, and meeting revenue milestones helped group 1H revenue jump >300% to £18.8m, generating Adj. PBT of £2.2m ....
14 Nov 2022
SRT Marine Systems - Systems revenue and Transceiver growth sees 1H profit
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SRT Marine Systems - Systems revenue and Transceiver growth sees 1H profit
SRT Marine Systems plc (SRT:LON) | 21.5 -0.5 (-10.4%) | Mkt Cap: 47.9m
- Published:
14 Nov 2022 -
Author:
Kimberley Carstens | Cavendish Research -
Pages:
16
1H23 saw a welcome return of significant Systems revenue alongside strong yoy growth for the Transceivers business. In the past two years, the pandemic slowed installation of existing Systems contracts and paused the processing of new deals, leaving SRT to rely on c.£8m pa of Transceivers sales. With lockdown restrictions easing around the world this year, Systems deployment has accelerated, and meeting revenue milestones helped group 1H revenue jump >300% to £18.8m, generating Adj. PBT of £2.2m ....