SRT Marine Systems (SRT)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

43.50p
   
  • Change Today:
    -1.50p
  • 52 Week High: 48.00
  • 52 Week Low: 17.00
  • Currency: UK Pounds
  • Shares Issued: 222.63m
  • Volume: 280,433
  • Market Cap: £96.85m
  • RiskGrade: 240

SRT Marine swings to profit as it works on pipeline conversion

By Josh White

Date: Thursday 18 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Maritime surveillance, monitoring and management systems provider SRT Marine Systems reported a 286% improvement in revenue in its final results on Thursday, to £20.6m.
The AIM-traded firm said its gross profit margin improved to 45% for the year ended 31 March, from 43% in the prior year, with the company swinging to a profit before tax of £3.2m from a loss before tax of £4.2m in the 2018 financial year.

It said it had £3.9m cash as at year end.

On the operational front, SRT won a £32m systems contract with the Philippine Government Fisheries (BFAR), adding that it had a "strong pipeline" of system business opportunities.

Its senior Management team was strengthened during the period, with the firm also expanding its GeoVS development and systems delivery teams.

The development of new products and functionalities was also continuing, the board said.

"Maritime security, sovereignty and safety is of increasing importance around the world," said chief executive officer Simon Tucker.

"This is driving our growth as demonstrated by the 286% increase in revenues we are reporting today."

Tucker said its pipeline of further contract opportunities was "significant and growing", with six of them worth over £220m in aggregate and expected to come to fruition in the near term.

"Our many years of investments to develop a scalable fully integrated maritime surveillance system that fuses multiple surveillance sensor systems and embeds advanced data analytics and digital display technologies with command, control and logistics has placed us at the forefront of this growing global market."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SRT Market Data

Currency UK Pounds
Share Price 43.50p
Change Today -1.50p
% Change -3.33 %
52 Week High 48.00
52 Week Low 17.00
Volume 280,433
Shares Issued 222.63m
Market Cap £96.85m
RiskGrade 240

SRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
71.36% above the market average71.36% above the market average71.36% above the market average71.36% above the market average71.36% above the market average
84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average
Income Not Available
Growth Not Available

SRT Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:16 64,000 @ 45.00p
16:25 3,950 @ 42.80p
16:24 1,487 @ 43.00p
16:16 1 @ 44.25p
15:56 2,000 @ 44.64p

SRT Key Personnel

CEO Simon Richard Tucker
COO Neil Peniket
CFO Richard Hurd

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