RNS: Interim Results for the Six Months Ended 31 May 2016
Tuesday, 19 July 2016
Synectics plc (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, reports its unaudited interim results for the six months ended 31 May 2016.
Highlights
- Revenue £32.1 million (2015: £32.6 million)
- Underlying profit1 £0.3 million (2015: £0.5 million)
- Profit before tax £0.2 million (2015: loss before tax £0.1 million)
- Order book £35.7 million, up over 34% since the year end (30 November 2015: £26.6 million; 31 May 2015: £32.1 million)
- Underlying diluted EPS1 1.6p (2015: 2.5p) and diluted EPS 1.0p (2015: (0.6)p)
- Net debt at 31 May 2016 £1.7 million (30 November 2015: net cash £0.5 million; 31 May 2015: net debt £2.8 million)
- Multi-million pound project wins to provide integrated surveillance solutions for a new casino resort in Macau and a mega-resort in the Philippines
- Secured a major contract from one of the premier Las Vegas casinos with over 5,000 video channels
- Contract wins continue with contract extension for Go-Ahead and new UK mainline rail infrastructure project
1 Underlying profit represents profit 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 after tax but before non-underlying items.
Commenting on the results, Paul Webb, Chief Executive, said:
“We have delivered a substantial increase in our order books across the business, laying the foundations for a strong second half, and have built a highly capable team with the clear sense of purpose to lead and deliver both solid performance and future growth.”
Download the full statement - Interim results for the six months ended 31st May 2016
For further information, please contact:
Synectics plc
Paul Webb, Chief Executive
Mike Stilwell, Finance Director
Tel: +44 (0) 1527 850 080
email: info@synecticsplc.com
www.synecticsplc.com
Stockdale Securities Limited
Tom Griffiths / Henry Willcocks
Tel: +44 (0) 207 601 6100
Media enquiries:
Buchanan
Mark Court / Sophie Cowles / Jane Glover
Tel: +44 (0) 207 466 5000
synectics@buchanan.uk.com
Contact