(Correcting year-to-date percentage change for share price)
Thruvision Group PLC - security system supplier - said pretax loss for the six months ended September 30 widened to GBP2.0 million from GBP500,000 year-on-year. Revenue fell 57% year-on-year to GBP2.0 million from GBP4.7 million.
Revenue growth is attributed to an order from the US Customs and Border Protection in the prior period that resulted in a revenue contribution of GBP2.9 million that was not repeated in this period.
Overheads also increased by 12% year-on-year to GBP2.8 million from GBP2.5 million. Mentions no interim dividend. Remains confident of achieving growth in full-year revenue and improvement in cash position in the second half.
"We are well-positioned to benefit from the ongoing recovery in the global aviation sector. As a result, we remain confident of achieving growth in full year revenue and an improvement in our cash position in H2," Chief Executive Colin Evans says.
Current stock price: 19.64 pence
Year-to-date change: up 24%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Thruvision Grp (THRU)