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

Share Price Information for Srt Marine Sys. (SRT)

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82.00    -3.00 (-3.53%)
Bid:
80.00
Ask:
84.00
Spread: 4.00 (5.00%)
Market Cap: £223.87m
SRT Live PriceLast checked at - London Stock Exchange

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Trading Statement

19 Dec 2008 07:08

RNS Number : 4578K
Software Radio Technology PLC
19 December 2008
 



SOFTWARE RADIO TECHNOLOGY PLC ("SRT" or the "Company")

Trading Update

SRT announces that revenue for the year ended 31 March 2009 is expected to be significantly below market expectations. 

Whilst the Marine business continues to grow, the PMR business has suffered from a lack of orders, including from certain Far East customers, and a delay in receiving license and royalty payments.

As a result of the delay in these payments the PMR business has a funding shortfall and the Board of SRT is considering its options regarding the future of SRT PMR Technology Limited, including discussions with potential investors. 

SRT expects to announce its interim results for the six months ended 30 September 2008 in the week commencing 22 December 2008.

Enquiries:

Software Radio Technology plc

+44 (0)1761 409500

Simon Tucker, Group Managing Director

simon.tucker@softwarerad.com

Numis Securities Limited

+44 (0)20 7260 1000

Lee AstonNominated Adviser

This information is provided by RNS
The company news service from the London Stock Exchange
 
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