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Pin to quick picksSpectra (unres) Share News (SPSY)

Share Price Information for Spectra (unres) (SPSY)

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Share Price: 246.00
Bid: 242.00
Ask: 250.00
Change: 3.00 (1.23%)
Spread: 8.00 (3.306%)
Open: 243.00
High: 246.00
Low: 243.00
Prev. Close: 243.00
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Spectra Systems expects 'significant increase' to profits following surprise order

Mon, 10th Dec 2018 08:45

(Sharecast News) - Secure transaction and banknote technology firm Spectra Systems has received unexpected additional orders for its high-performance phosphor used by a G7 central bank.As a result, Spectra anticipates the additional end of year orders to bring about a "significant increase" in the AIM-listed firm's profits for 2018, helping its earnings move "above market expectations".Chief executive Dr Nabil Lawandy, said: "We are very pleased that we were able to provide a second positive trading update in 2018 further underpinning our continued growth, particularly in the area of optical materials"Spectra reported an increase in first-half revenues in September, also on the back of a large customer order, and increased its annual dividend by 20% to $0.06 per share.As of 0845 GMT, Spectra shares had shot up 11.07% to 114.40p.
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