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5 May 2022 13:46
IN BRIEF: Petards shares jump as swings to profit in 2021
Petards Group PLC - Guildford, England-based developer of security and surveillance systems - Swings to pretax profit of GBP502,000 in 2021 from loss of GBP1.2 million in 2020, as revenue increases 4.6% to GBP13.6 million from GBP13.0 million. Says trading since December has been slightly ahead of management expectations, but this currently is thought to be the result of the timing of orders rather than a better performance. Deliveries of GBP8 million already secured for 2022, confident of further progress.
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