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  2. Share Prices
  3. Srt Marine Sys. Share Price
  4. Srt Marine Sys. Share News
  5. SRT Marine Systems narrows loss as transceiver sales expand

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

Srt Marine Sys. Information

Share Price Information for Srt Marine Sys. (SRT)

London Stock Exchange
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Share Price: 24.00
Bid: 23.00
Ask: 25.00
Change: 0.00 (0.00%)
Spread: 2.00 (8.696%)
Open: 24.00
High: 24.00
Low: 23.50
Prev. Close: 24.00
SRT Live PriceLast checked at -

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SRT Marine Systems narrows loss as transceiver sales expand

Wed, 03rd Oct 2018 09:26

(Sharecast News) - Maritime technology developer SRT Marine Systems saw first-half revenue increase 9% to £3.2m as the firm's transceiver division drove sales.The jump in revenue resulted in a reduced loss before tax of £1.4m for the six-month period ended 30 September, down from a £1.8m loss in the same period last year, while the company ended the period with £1.4m in cash.Simon Tucker, chief executive of SRT, said: "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."While the transceiver business, which supplies stand-alone AIS (automatic identification system) transceivers to vessel owners and other buyers, drove success, the systems division did not complete any objectives or contribute significantly to profits or revenue during the period.The division provides buyers such as coast guards and fishery authorities with maritime surveillance systems."Whilst I would have preferred our systems business to have delivered milestones and thus material revenues during the first half of the year we have a number of significant contract opportunities in Asia, Middle East and South America on which we are working closely with the end customer and local partners to progress," said Tucker.The company's board expects to see continued growth from the transceiver business in the second half of the year, while the systems business could achieve a number of milestones and make a financial contribution.SRT's shares were unchanged at 25.25p at 0935 BST.
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5 Jul 2019 10:30

SRT Marine Adds Grafenia Finance Chief Simon Barrell To Board

(Alliance News) - Maritime monitoring and surveillance providers SRT Marine on Friday named Simon Barrell, Grafenia PLC's interim finance head, as a new non-executive director.SRT said

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10 Apr 2019 11:02

SRT Maritime revenues boosted by solid showing from AIS and MDA businesses

(Sharecast News) - Maritime surveillance and management SRT Marine Systems expects to report significantly higher revenues and profits from its last trading year after both its AIS transceiver and MDA systems businesses experienced "very good growth".

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10 Apr 2019 10:26

SRT Marine Systems Expects Swing To Profit In Financial 2019

LONDON (Alliance News) - SRT Marine Systems PLC said Wednesday it expects to report "excellent" results for the year ended March 31.Shares in the maritime surveillance company up

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20 Nov 2018 12:47

SRT Marine Systems Narrows Interim Loss On Foreign Exchange Movements

LONDON (Alliance News) - SRT Marine Systems PLC on Tuesday reported a narrowed interim loss on higher revenue and lower administrative expenses.For the six months to September 30, the firm

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3 Oct 2018 09:40

SRT Marine Systems Interim Loss To Narrow On Higher Revenue

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 in

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23 Jul 2018 10:27

SRT Marine Swings To Annual Loss After Asian Contract Delay

LONDON (Alliance News) - SRT Marine Systems PLC on Monday swung to a loss from a profit in its most recent year due to revenue being hit by a contract delay.In its financial year ended 31 a

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23 Jul 2018 10:11

SRT Marine Systems swings to full-year loss on contract cancellation

(Sharecast News) - SRT Marine Systems said on Monday that it swung to a full-year loss as revenue slumped following the cancellation of a key contract.

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30 May 2018 15:00

SRT Maritime Systems Raises GBP3 Million And Refinances Loan Notes (ALLISS)

LONDON (Alliance News) - SRT Marine Systems PLC said Wednesday it has raised GBP3.0 million through a share placing and refinanced GBP1.2 million of short term loan notes.The placing of at

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15 Nov 2016 10:57

SRT Marine Systems Interim Loss Widens On Lack Of Project Deliverables

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14 Oct 2016 08:33

SRT receives sizeable order from Saudi Arabia

(ShareCast News) - Maritime domain awareness technology provider SRT Marine Systems announced on Friday that it has received an initial order and first payment for the supply of AIS vessel monitoring transceivers for deployment in Saudi Arabia. The AIM-traded firm said the order will be shipped duri

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14 Oct 2016 07:22

SRT Marine Gets First AIS Order For Saudi Arabia Maritime Initiative

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5 Jul 2016 07:39

Software Radio Wins GeoVS System Contract For Panama Canal

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4 Jul 2016 15:23

UK Shareholder Meetings Calendar - Next 7 Days

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4 Jul 2016 11:11

Software Radio Gets Tracking Device Order From Charity Trinity House

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