SRT Marine Systems PLC - Bath, England-based maritime surveillance, analytics and management systems developer - Reports a steep increase in interim revenue in the six months ended September 30, as it swings to a pretax profit of GBP2.1 million from a loss of GBP3.1 million. Posts revenue of GBP18.8 million, multiplied from GBP4.7 million in the previous year. This, it adds, is despite ongoing component supply issues. Costs of sales surge to GBP11.6 million from GBP3.0 million the year prior. Chief Executive Simon Tuckers expects the strong performance seen in the first half of its financial year to continue going forward, as demand remains robust.
Current stock price: 48.30 pence, up 6.2% on Monday afternoon in London
12-month change: up 24%
By Heather Rydings; heatherrydings@alliancenews.com
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Srt Marine Sys. (SRT)