SRT Marine Systems (SRT)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

30.13p
   
  • Change Today:
      0.13p
  • 52 Week High: 68.00
  • 52 Week Low: 29.33
  • Currency: UK Pounds
  • Shares Issued: 222.63m
  • Volume: 88,078
  • Market Cap: £67.07m
  • RiskGrade: 240

SRT Marine H1 revenues entirely derived from transceivers unit

By Iain Gilbert

Date: Thursday 08 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Maritime systems provider SRT Marine said on Thursday that first-half revenues were derived entirely from its transceivers unit due to there being no system business project milestones completed during the period.
As a result, SRT recorded interim revenues of £3.8m, which resulted in an expected pre-tax loss of £2.7m and a period-end cash balance of £5.0m on 30 September.

On the other hand, revenues in the transceivers segment were up 6% year-on-year, with the second half "looking positive" also.

While the systems business was not expected to complete any milestones on either existing or expected new contracts during the period, SRT expects to deliver milestones during the second half.

Chief executive Simon Tucker said: "I am pleased our transceivers business continues to trade strongly despite the Covid-19 situation.

"As recently stated, our systems business has been significantly affected by Covid-19 through the delay it has caused to expected new contracts. However, I expect the second half will see this situation resolved."

As of 0920 BST, SRT shares were down 1.27% at 39.0p.

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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 30.13p
Change Today 0.13p
% Change 0.42 %
52 Week High 68.00
52 Week Low 29.33
Volume 88,078
Shares Issued 222.63m
Market Cap £67.07m
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
51.89% below the market average51.89% below the market average51.89% below the market average51.89% below the market average51.89% below the market average
44% below the sector average44% below the sector average44% below the sector average44% below the sector average44% below the sector average
Income Not Available
Growth
58.87% above the market average58.87% above the market average58.87% above the market average58.87% above the market average58.87% above the market average
68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average

SRT Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
12:14 7,475 @ 30.04p
11:59 8,832 @ 30.04p
11:39 1 @ 30.90p
11:23 9,985 @ 30.04p
10:17 10,000 @ 29.50p

SRT Key Personnel

CEO Simon Richard Tucker
COO Neil Peniket
CFO Richard Hurd

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