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Pin to quick picksSrt Marine Sys. Share News (SRT)

Share Price Information for Srt Marine Sys. (SRT)

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Share Price: 30.00
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SRT Marine Systems Interim Loss To Narrow On Higher Revenue

Wed, 03rd Oct 2018 09:40

LONDON (Alliance News) - Maritime surveillance systems provider SRT Marine Systems PLC said on Wednesday its loss narrowed amid revenue growth for the first half of its financial year on strong performances in its Transceiver division.

SRT's pretax loss for the six months to the end of September narrowed to GBP1.4 million from GBP1.8 million for the year before, on revenue that rose by 9.0% to GBP3.2 million from GBP2.9 million.

The majority of revenue was generated through its Transceiver division which supplies stand-alone automatic identification system transceivers to vessel owner and dealers, as opposed to the Systems division, which did not contribute significantly in the period due to a lack of material project milestones.

During the second half of the year, SRT expects to see steady growth in its Transceivers business, and the Systems division expects to sign new contracts.

"I am very pleased with the operational progress made during the first half which has prepared SRT for the significant project business that we expect during the coming months. The transceiver business has now recovered from the stock shortages earlier in the year caused by production issues related to the transfer of production to a new facility and the introduction of a series of new products. This places the business in a very good position to capitalise on these investments in a growing market during the second half," said Chief Executive Simon Tucker.

SRT Marine Systems will publish its interim results on November 20.

Shares in SRT were up 0.6% at 25.40 pence on Wednesday.

More News
8 Mar 2024 10:58

SRT Marine keeps revenue outlook stable amid wait for new contracts

(Alliance News) - SRT Marine Systems PLC on Friday said it has recently seen "significant progress" on business development but remains a "passive" observer of government decision-making for key new contracts.

Read more
8 Mar 2024 09:54

SRT Marine pushes out year-end as it bids for new system contracts

(Sharecast News) - Maritime surveillance and navigation technology specialist SRT Marine Systems announced a change to its financial reporting dates on Friday, in a bid to safeguard its ability to bid for pending new system contracts.

Read more
8 Jan 2024 16:15

UK shareholder meetings calendar

Tuesday 9 January 
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Leeds Group PLCGM re sale of subsidiary Hemmers-Itex
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Hummingbird Resources PLCGM re share placement
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Reabold Resources PLCGM re appointment of new directors
Safestyle UK PLCEGM re approve winding up of company
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Thursday 11 January 
Pennpetro Energy PLCAGM
R&Q Insurance Holdings LtdGM re sale of Accredited to Onex Corp
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Friday 12 January 
Ashington Innovation PLCAGM
Dukemount Capital PLCAGM
Monday 15 January 
88 Energy LtdGM re fundraising
Mondi PLCGM re special dividend
SRT Marine Systems PLCGM re fundraising
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Copyright 2024 Alliance News Ltd. All Rights Reserved. 

Read more
28 Dec 2023 13:33

SRT Marine Systems raises further GBP500,000 through retail offer

(Alliance News) - SRT Marine Systems PLC on Thursday said it has raised GBP500,000 through a retail offer of 1.4 million shares.

Read more
21 Dec 2023 15:29

CORRECT: SRT Marine Systems raises funds for surveillance systems

(Corrects share price.)

Read more
21 Dec 2023 15:24

SRT Marine Systems raises funds to boost surveillance systems business

(Alliance News) - SRT Marine Systems PLC on Thursday said it raised funds as it announced a further fundraise.

Read more
20 Nov 2023 14:17

EARNINGS AND TRADING: Active Energy notes Ashland delay; MTI profit up

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
20 Nov 2023 12:27

SRT Marine Systems receives £160m in orders for H2

(Sharecast News) - Maritime tech outfit SRT Marine Systems said on Monday that it has received £160.0m worth of orders during the second half of the trading year.

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13 Nov 2023 15:46

UK earnings, trading statements calendar - next 7 days

Tuesday 14 November 
ActiveOps PLCHalf Year Results
Babcock International Group PLCHalf Year Results
Bank of Georgia Group PLCQ3 Results
Castings PLCHalf Year Results
ConvaTec Group PLCTrading Statement
DCC PLCHalf Year Results
Forterra PLCHalf Year Results
Gear4Music PLCHalf Year Results
Genel Energy PLCTrading Statement
Grafton Group PLCTrading Statement
Hill & Smith PLCTrading Statement
HydrogenOne Capital Growth PLCQ3 Results
Imperial Brands PLCFull Year Results
Informa PLCTrading Statement
Land Securities Group PLCHalf Year Results
Oxford Instruments PLCHalf Year Results
Picton Property Income LtdHalf Year Results
Renalytix PLCQ1 Results
Revolution Beauty Group PLCHalf Year Results
Vesuvius PLCTrading Statement
Vodafone Group PLCHalf Year Results
Wise PLCHalf Year Results
Wednesday 15 November 
Diversified Energy Co PLCTrading Statement
Experian PLCHalf Year Results
Fuller, Smith & Turner PLCHalf Year Results
Genuit Group PLCTrading Statement
Intermediate Capital Group PLCHalf Year Results
Ninety One PLC and LtdHalf Year Results
Renold PLCHalf Year Results
SSE PLCHalf Year Results
Synthomer PLCTrading Statement
Tracsis PLCFull Year Results
Tullow Oil PLCTrading Statement
Warehouse REIT PLCHalf Year Results
Thursday 16 November 
Assura PLCHalf Year Results
Atalaya Mining PLCQ3 Results
Aviva PLCTrading Statement
Burberry Group PLCHalf Year Results
Close Brothers Group PLCTrading Statement
CMC Markets PLCHalf Year Results
Crest Nicholson Holdings PLCTrading Statement
Halma PLCHalf Year Results
Great Portland Estates PLCHalf Year Results
Kier Group PLCTrading Statement
International Distributions Services PLCHalf Year Results
Investec PLC and LtdHalf Year Results
Liontrust Asset Management PLCHalf Year Results
Manolete Partners PLCHalf Year Results
Melrose Industries PLCTrading Statement
Norcros PLCHalf Year Results
Premier Foods PLCHalf Year Results
Qinetiq Group PLCHalf Year Results
Spirax-Sarco Engineering PLCTrading Statement
Syncona LtdHalf Year Results
Tatton Asset Management PLCHalf Year Results
Tyman PLCTrading Statement
United Utlities Group PLCHalf Year Results
Young & Co's Brewery PLCHalf Year Results
Friday 17 November 
Record PLCHalf Year Results
Monday 20 November 
Big Yellow Group PLCHalf Year Results
Compass Group PLCFull Year Results
Diploma PLCFull Year Results
Polar Capital Holdings PLCHalf Year Results
Seraphim Space Investment Trust PLCQ1 Results
Sirius Real Estate LtdHalf Year Results
SRT Marine Systems PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
6 Oct 2023 10:12

SRT Marine warns of interim loss

(Sharecast News) - Maritime surveillance systems provider SRT Marine warned on Friday that it was set to report an interim loss due to revenues being "heavily" weighted to the second half.

Read more
6 Oct 2023 09:30

SRT Marine Systems expects swing to half-year loss as waits for growth

(Alliance News) - SRT Marine Systems PLC on Friday said revenue for the current financial year 2024 ending March 31 will be "heavily" second-half weighted, as it eyes a swing to a half-year loss.

Read more
27 Jul 2023 14:19

EARNINGS UPDATES: Amigo revenue collapses, SRT Marine surges

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
5 Jul 2023 13:39

IN BRIEF: SRT Marine inks USD260,000 order with Japanese customer

SRT Marine Systems PLC - Somerset, England-based provider of maritime domain awareness systems and technologies for surveillance, security, safety and environmental protection - Receives a "strategically notable order" worth USD260,000 for its Digital Aids to Navigation System products. The order is from an unnamed Japanese customer and will be deployed to enhance navigation safety. "DAS products are digital transceivers which transmit information to vessels and navigation authorities in real time and are predominantly used to enhance navigation safety and efficiency," SRT says.

Read more
26 Jun 2023 20:05

TRADING UPDATES: WANDisco in extra cost savings; SRT raises GBP750,000

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Monday and not separately reported by Alliance News:

Read more
23 Jun 2023 18:01

UPDATE: SRT Marine Systems raises GBP4.6 million via placing

(Alliance News) - SRT Marine Systems PLC on Friday said it raised gross proceeds of around GBP4.6 million from a placing of new shares.

Read more

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