10th Apr 2015 07:29
LONDON (Alliance News) - Software Radio Technology PLC on Friday said it expects to post full-year results in line with market expectations.
The maritime radio technology provider said it expects to report a pretax loss of GBP0.4 million for the year to March 31 on revenue of GBP8.5 million, in line with market expectations. For the year to the end of March 2014, the company posted a pretax loss of GBP1.5 million on revenue of GBP6.1 million.
"We are pleased to have performed as forecast with revenues up 39% on last year. SRT sits at the centre of the global AIS industry and AIS is now a fundamental system in every MDA programme as evidenced by our significant and growing validated sales opportunity pipeline," said Chief Executive Simon Tucker.
Shares in the company were down 5.4% to 32.4 pence in early trade.
By Sam Unsted; [email protected]; @SamUAtAlliance
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Related Shares:
Srt Marine Sys.