We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Synectics Plc | LSE:SNX | London | Ordinary Share | GB0007156838 | ORD 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.50 | -1.33% | 185.00 | 180.00 | 190.00 | 187.50 | 185.00 | 187.50 | 1,917 | 15:24:34 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Elec Apparatus & Equip-whsl | 49.13M | 2.16M | 0.1281 | 14.44 | 31.24M |
TIDMSNX
RNS Number : 0712D
Synectics PLC
19 June 2023
RNS 19 June 2023
Synectics plc
("Synectics" or the "Company")
Trading Update and Notification of Results
Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, provides the following trading update for the six months ended 31 May 2023 (" H1 2023 ").
As expected, the Company's trading in H1 2023 continued in line with its AGM statement released on 27 April 2023, with good progress being made compared to the same period last year. The Company's financial results for the year ending 30 November 2023 are expected to be weighted significantly to the seasonally stronger second half of the year (" H2 2023 ").
Progress in H1 2023 was underpinned by strong trading in the global oil & gas market, which is expected to continue in H2 2023 and beyond. The Company has already increased supply chain and production capacity in this sector. Progress in other markets has been modest, with further improvements expected in H2 2023.
The Company's consolidated order book at 31 May 2023 is materially ahead of the same date last year with a significant proportion of this expected to trade in H2 2023. This, along with a strong pipeline of expected orders, underpins the Board's expectations of significantly improved trading in H2 2023.
Net cash at 31 May 2023 remained solid at approximately GBP4.0 million (31 May 2022: GBP4.2 million; 30 November 2022: GBP4.3 million) despite increased working capital commitments to support planned, increased production requirements.
Synectics will provide a further update on trading and outlook in its unaudited interim results announcement for H1 2023 on 11 July 2023.
For further information, please contact:
S ynectics plc Tel: +44 (0) 114 280 2828 Paul Webb, Chief Executive www.synecticsplc.com Amanda Larnder, Finance Director email: info@synecticsplc.com Shore Capital Tel: +44 (0) 20 7408 4090 Tom Griffiths / David Coaten
About Synectics plc
Synectics plc (AIM: SNX) is a leader in advanced security and surveillance systems that help protect people, property, communities, and assets around the world.
The Company's expertise is in providing solutions for specific markets where security and surveillance is critical to operations. These include gaming, oil and gas, public space, transport, and critical infrastructure.
Synectics has deep industry experience in these markets and works closely with customers to deliver solutions that are tailored to meet their needs. Technical excellence, combined with decades of experience and long-standing customer relationships, provides fundamental differentiation from mainstream suppliers and makes the company a stand-out in its field.
Find out more at www.synecticsplc.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
TSTVDLBFXQLXBBQ
(END) Dow Jones Newswires
June 19, 2023 02:00 ET (06:00 GMT)
1 Year Synectics Chart |
1 Month Synectics Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions