8th May 2014 13:48
LONDON (Alliance News) - Security and surveillance systems maker Petards Group PLC Thursday said it is set to meet market expectations for 2014 after it traded profitably in the first quarter of the year.
"The corporate activity undertaken and the improvement in the order book arising in the latter part of 2013 has served to place Petards in a considerably strengthened financial position with higher visibility of revenue for both 2014 and beyond," Chairman Raschid Abdullah said in a statement released alongside the company's annual general meeting.
The chairman added that Petards is continuing to focus on strengthening its strategic business relationships and closing the orders it is currently negotiating.
Petards Group shares were up 3.9% at 10.00 pence Thursday.
By Steve McGrath; [email protected]; @stevemcgrath1
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Petards