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RNS: Final Results for the Year Ended 30 November 2015

Wednesday, 24 February 2016

Synectics plc (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, reports its audited final results for the year ended 30 November 2015.

Headlines

  • Revenue up 6% to £68.5 million (2014: £64.6 million)
  • Underlying profit* £1.6 million (2014: underlying loss* £2.4 million)
  • Profit before tax £0.5 million (2014: loss before tax £3.7 million)
  • Underlying diluted EPS* 8.0p (2014: (14.0)p)
  • Diluted EPS 2.5p (2014: (20.6)p)
  • Net cash at 30 November 2015 £0.5 million (2014: net debt £6.1 million)
  • Year-end order book £26.6 million (2014: £28.6 million)
  • Successful implementation of profit recovery plan
  • Modest dividend restored with recommended payment of 1.0p per share

*Underlying profit/(loss) represents profit/(loss) before tax and non-underlying items (which comprise restructuring costs, share-based payment charge and amortisation of acquired intangibles). Underlying earnings per ordinary share are based on profit/(loss) after tax but before non-underlying items.

Commenting on the results, Paul Webb, Chief Executive, said:

“On the back of this hard fought year, I am really pleased we have been able to return the business to solid profitability and significantly strengthen its cash position. Collectively, we have worked hard to achieve this but it has not been without its challenges. Given the current uncertainty of some of the markets in which we operate, this is a good result and, on the back of recent contract wins, we look forward to a year of continued progress.”

Download full announcement PDF


For further information, please contact:

Synectics plc
David Coghlan, Chairman
Paul Webb, Chief Executive
Tel: +44 (0) 1527 850 080
www.synecticsplc.com
info@synecticsplc.com

Stockdale Securities Limited
Tom Griffiths / Henry Willcocks
Tel: +44 (0) 20 7601 6100 

Media enquiries: 
Buchanan
Mark Court / Sophie Cowles / Jane Glover
Tel: +44 (0) 20 7466 5000
synectics@buchanan.uk.com

 

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