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Kromek Forecasts Major Revenue Growth In Next Financial Year

Fri, 28th Apr 2017 11:49

LONDON (Alliance News) - Kromek Group PLC said Friday it foresees a "step change" in revenue growth in its upcoming financial year, as it said current trading remains in line with expectations.

Kromek, which provides radiation detection technology for the medical, security and nuclear markets, said trading for its current financial year that will end this Sunday is in line with market expectations, as it makes good progress on delivery of new orders.

The company added that it continues to gain traction in all its business segments, from the increasing adoption of cadmium zinc telluride detectors and other products.

"The group expects to continue to win new customers and, together with the momentum of contract wins, it expects a step change in revenue growth in the new financial calendar year," said Kromek.

Shares in Kromek were up 3.8% at 29.05 pence Friday morning.

By Adam Clark;

Copyright 2017 Alliance News Limited. All Rights Reserved.

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