Business
2017 Interim Results
2017 Interim Results.
About this update from Pennant International Group Plc
[{"type":"text","content":"\n \nRNS Number : 3019Q Pennant International Group PLC 11 September 2017 \n\n \n11th September 2017 \n \n \nPennant International Group plc\n \nInterim Results for the six months ended 30 June 2017\n \n\"Profitable first six months of 2017; deliveries on major overseas contracts; delay on one contract but with potential upside in 2018; strong order book and encouraging pipeline for 2018 to 2020 and beyond.\" \n \nThis announcement contains information which, prior to its disclosure by this announcement, was inside information for the purposes of the Market Abuse Regulation\n \nPennant International Group plc (\"Pennant\" or the \"Group\"), the AIM quoted supplier of integrated training and support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, announces its interim results for the six months ended 30 June 2017 (the \"Half Year\" or the \"Period\").\n \nCommenting on the results, Chairman Simon Moore said:\n \n\"The Group recorded a pre-tax profit for the six months ended 30 June 2017 and as highlighted in the Trading Update announced in July, the Half Year saw valuable contract extensions with key customers, Lockheed Martin and the Canadian Department of National Defence, as well as the continued performance of major contracts secured during 2016. \n \nThe performance for the Half Year has been achieved during what has been a transitional period for the Group, with the appointment of Phil Walker as CEO and the commencement of significant investment in people, products and infrastructure.\"\n \nKey points: Financial \n· Group revenues for the Period of £9.6 million (H1 2016: £6.6 million);\n· profit before tax of £935,353 ...