Synectics is pleased to announce that it has been awarded a further contract, worth approximately US$2.2 million (the “Contract”), for the professional services to deploy a Synergy upgrade
Delayed Share Price: 335.00p
Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, reports its unaudited interim results for the six months ended 31 May 2023 (“H1 2023” or “the period”).
Headlines¹
Commenting on the results, Paul Webb, Chief Executive of Synectics, said: "Synectics has now had four consecutive periods of progress in revenue and profits and is confident of delivering further progress in H2 2023. Operating in markets that are strong and recovering, the Company has solid long-term growth potential, from a sound platform.
The Board expects the Company’s results for the year ending 30 November 2023 to be in line with market expectations, despite being weighted to the seasonally stronger H2.”
Craig Wilson, recently appointed Chair of Synectics, added: “After conducting a comprehensive business review, it is evident that Synectics possesses excellent technology in thriving global markets, including oil & gas, gaming, and public safety, which are experiencing renewed growth. With a robust financial position and a clear strategic direction, it is now all about execution.”
¹ All income statement comparatives set out in this announcement reflect continuing operations unless otherwise stated.
For further information, please contact:
Synectics plc
Paul Webb, Chief Executive Officer
Amanda Larnder, Chief Financial Officer
Tel: +44 (0) 114 280 2828
www.synecticsplc.com
info@synecticsplc.com
Shore Capital
Tom Griffiths / David Coaten
Tel: +44 (0) 20 7408 4050
Media enquiries:
Intelligent Conversation
Claire Evans
Tel: +44 (0) 161 694 3979
claire@weareic.com
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