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RNS: Interim Results for the Six Months Ended 31 May 2018

Tuesday, 17 July 2018

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 2018.

Highlights

  • Revenue up 3% to £34.7 million (2017: £33.7 million)
  • Order book up 18% since the year end to £28.8 million
  • Underlying profit1 up 12% to £1.5 million (2017: £1.3 million)
  • Profit before tax £1.5 million (2017: £1.3 million)
  • Underlying diluted EPS1 5.9p (2017: 6.2p) due to higher forecast tax rate
  • Diluted EPS 5.9p (2017: 6.1p)
  • Strong cash generation and net cash of £9.1 million at 31 May 2018 (2017: £1.8 million)
  • Interim dividend increased to 1.2p (2017: 1.0p)

1 Underlying profit represents profit before tax and non-underlying items (which comprise amortisation of acquired intangibles). Underlying earnings per share are based on profit after tax but before non-underlying items.

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

“These solid interim results were underpinned by a very strong performance in the gaming sector. We expect that the results for the full year will be in line with market expectations. Building on our 30 years of customer-driven innovation, we continue to adjust our product and business development activities towards the emerging needs and opportunities we see in both our established and developing market segments.”

Download the full statement - Interim results for the six months ended 31st May 2018


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

Media enquiries: 
Intelligent Conversation
Claire Evans
Tel: +44 (0) 161 212 1613
claire@weareic.com

 

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