LONDON (ShareCast) - (ShareCast News) - Security and surveillance systems group Petards said its profits during the first half of the year were in line with expectations.
Margins for the six months ended 30 June 2015, were higher than last year, at a time when revenues were lower, amid the changed product mix undertaken.

Thanks to positive first-half trading, the board expects strong profits and cash generation in 2015.

Looking ahead, chairman Raschid Abdullah said full-year revenues are anticipated to be weighted towards the second half of the year.

"While it is too early in the second half of the year to predict with accuracy the result for the year, the strength of the contracted customer delivery schedules gives the Board confidence for a satisfactory outcome," he added.

WH Ireland analysts maintained their 'buy' recommendation and 18p targer price thanks to the "solid" update.

The company's shares were up 2.72% to 10.4p on Tuesday at 1031 BST.

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