Synectics plc reports its unaudited interim results for the six months ended 31 May 2023 (“H1 2023” or “the period”).
Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, announces its audited final results for the year ended 30 November 2022.
¹ Following the disposal of a non-core business in November 2022, all figures set out in this announcement reflect continuing operations unless otherwise stated. Further details of discontinued operations can be found in note 4.
² Underlying operating profit/(loss) represents profit/(loss) before tax, finance costs and non-underlying items; see note 5 for further details.
³ Excluding IFRS 16 lease liabilities.
Commenting on the results, Paul Webb, Chief Executive of Synectics, said:
“The Company’s return to profitability and maintained strong cash position pay testimony to the underlying strength of the business and provide a robust platform for the future. With recovering markets, a sound order book and a strong pipeline of opportunities, the Board is confident of further profitable growth this year.”
Craig Wilson, Non-executive Chair of Synectics, commented:
“I see great potential in Synectics. It has a clearly defined role in the security technology market. I am committed to ensuring that our stakeholders better understand our strategic direction and the value we bring.”
For further information, please contact:
Craig Wilson, Chair
Paul Webb, Chief Executive
Amanda Larnder, Finance Director
Tel: +44 (0) 114 280 2828
Tom Griffiths / David Coaten
Tel: +44 (0) 20 7408 4090
Tel: +44 (0) 161 694 3979
Download The Full Announcement