28th Jul 2015 08:21
LONDON (Alliance News) - Security and surveillance systems company Petards Group PLC on Tuesday said it traded in line with its expectations in the first half of 2015.
The company said its margins for the first half will be significantly improved year-on-year thanks to a shift in its product mix, which last year included a large volume of low-margin hardware deliveries.
"Trading for the first half year provides support for the board's strategy of developing Petards' profitability and cash generation from a solid base. In line with current contracted customer delivery schedules, revenues for 2015 as a whole are anticipated to be weighted towards the second half year," said Chairman Raschid Abdullah.
"While it is too early in the second half of the year to predict with accuracy the result for the year, the strength of the contracted customer delivery schedules gives the board confidence for a satisfactory outcome," Abdullah added.
Petards shares were up 1.7% to 10.30 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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