{"id":18497,"date":"2025-01-16T08:18:49","date_gmt":"2025-01-16T08:18:49","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/south-west\/?p=18497"},"modified":"2025-01-16T08:18:49","modified_gmt":"2025-01-16T08:18:49","slug":"first-half-figures-make-a-splash-at-technology-specialists-srt-marine","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/18497-first-half-figures-make-a-splash-at-technology-specialists-srt-marine","title":{"rendered":"First-half figures make a splash at technology specialists SRT Marine"},"content":{"rendered":"

SRT Marine has achieved a big jump in revenues as the maritime technology specialist continues to build momentum.<\/p>\n

The Bath-headquartered business increased first-half revenues by \u00a320m to \u00a325.5m, with a \u00a37m improvement in its profitability taking it to a pre-tax profit of \u00a32.5m.<\/p>\n

The big change was expected because it related to timing issues on key contracts that had been expected to be delivered in the previous financial year – one with an existing Middle Eastern Coast Guard customer and one with a new south-east Asia National Coast Guard customer.<\/p>\n

\"\"

Simon Tucker, chief executive of SRT Marinemart<\/p><\/div>\n

Simon Tucker, SRT chief executive said: “This is a solid start to the year. The combination of our transceivers business, a \u00a3334m active contract book from multiple sovereign customers, each with long term system development plans, and a \u00a31.2bn pipeline of further prospects gives us significantly improved visibility over future financial performance.<\/p>\n

“Both of our businesses are now well established and our future is underpinned by our portfolio of sophisticated technology and products, an established market position, and a global MDA [Maritime Domain Awareness] market at the beginning of its growth curve.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Delayed contracts boost first-half figures<\/p>\n","protected":false},"author":18,"featured_media":3772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120781],"coauthors":[81],"class_list":["post-18497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-bristol-and-bath","tag-featured-story"],"yoast_head":"\nFirst-half figures make a splash at technology specialists SRT Marine - South West<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/18497-first-half-figures-make-a-splash-at-technology-specialists-srt-marine\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First-half figures make a splash at technology specialists SRT Marine - 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