12th Jan 2015 07:56
LONDON (Alliance News) - Security and surveillance system developer Petards Group PLC Monday said it expects to report 2014 results in line with market expectations, despite revenue coming in slightly below hopes.
"It was pleasing to close the year having secured significant contracts from both Bombardier and the (UK Ministry of Defence), that were announced on 22 December, adding to the group's strong forward order book which remains in the region of GBP20 million," Chairman Raschid Abdullah said in a very short trading update.
WH Ireland is expecting the company to report a pretax profit of GBP0.6 million for 2014, according to data on Morningstar. The company reported a pretax loss of GBP2.4 million in 2013.
By Steve McGrath; [email protected]; @stevemcgrath1
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