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  2. Share Prices
  3. Srt Marine Sys. Share Price
  4. Srt Marine Sys. Share News
  5. SRT Maritime revenues boosted by solid showing from AIS and MDA businesses

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: 22.50
Bid: 22.00
Ask: 23.00
Change: -1.50 (-6.25%)
Spread: 1.00 (4.545%)
Open: 24.00
High: 24.00
Low: 22.50
Prev. Close: 24.00
SRT Live PriceLast checked at -

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

Wed, 10th Apr 2019 11:02

(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".SRT told investors on Wednesday that revenues looked set to have soared 277% to £20m over the twelve months ended 31 December, while pre-tax profits were pegged to come in at £3m - a marked turnaround from the £1.2m loss recorded a year earlier.Gross cash as at 31 March was £3.9m.Chief executive Simon Tucker said: "This excellent result is the product of many years investment which has seen SRT become an established player in the global maritime domain awareness market."Of particular note is our MDA systems business which currently has contracts worth approximately £35m in progress and a significant pipeline of sales opportunities of which six, with a value of approximately £212m, we hope to formally contract during the course of the next 12 months."Tucker added that each of its six near-term pipeline opportunities had an expected implementation period of six to 36 months and the opportunity for recurring satellite data revenues and further system contracts in the future.As of 1100 BST, SRT shares had shot up 13.39% to 34.30p.
More News
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 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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3 Oct 2018 09:26

SRT Marine Systems narrows loss as transceiver sales expand

(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.

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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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