24th Sep 2020 14:04
Petards Group PLC - Surrey, England-based security and surveillance systems provider - Interim results below management expectations. Swings to a pretax loss of GBP506,000 from GBP65,000 profit, mainly due to exceptional restructuring costs totalling GBP305,000 versus nothing the year before. Revenue down 20% to GBP7.1 million from GBP8.9 million. Order book over GBP12 million at June 30 versus GBP15 million a year ago. Provision of forward guidance remains extremely challenging. Cash balances of GBP2.2 million and net funds of GBP1.0 million at period end.
Current stock price: 7.20 pence
Year-to-date change: down 48%
By Tapan Panchal; [email protected]
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