Fall in profits and revenue but ‘healthy order book’ for listed surveillance tech firm
Surveillance technology business Synectics has recorded a £1.1m fall in revenue in its interim results for the six months ending on 31 May 2019.
The firm reported revenues of £33.6m, down from £34.7 last year. And the company, which has a major systems division base in Sheffield, confirmed a £300,000 drop in profit before tax - to £1.2m from £1.5m in 2018.
But the business also said its order book stood at £28.2m, a like-for-like increase of 23% since the year end (£21m). And it added a stronger performance was expected ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...