Business
Final Results for the year ended 31 March 2017
Final Results for the year ended 31 March 2017.
About this update from Srt Marine Systems Plc
[{"type":"text","content":"\n \nRNS Number : 3456H SRT Marine Systems PLC 07 June 2017 \n\n \n \n \nSRT MARINE SYSTEMS PLC\n(AIM: SRT)\n(\"SRT\" or the \"Company\")\n \nFINAL RESULTS FOR THE YEAR ENDED 31 MARCH 2017\n \nSRT, the AIM-quoted provider of maritime domain awareness technologies, products and solutions, announces its results for the year ended 31 March 2017.\n \nFINANCIAL SUMMARY\n \n· Profit before tax of £1.2 million (2016: Profit of £0.3 million)\n \n· Growing revenues\n \n· 65.7% gross profit margin\n \n· £77 million contracted future order book\n \n· Growing validated sales opportunity pipeline of £270 million\n \n \nOPERATIONAL HIGHLIGHTS\n \n· Repositioned company as a marine systems provider\n \n· New project contracts signed\n \n· Significant progress with pending pipeline sales opportunities\n \n· Launch of new integrated vessel transceiver products \n \n· Significant functionality enhancements to GeoVS \n \nCommenting on today's results, Simon Tucker, CEO of SRT said:\n \n\" SRT Marine Systems now sits at the centre of the growing global market for maritime domain awareness technologies, products and systems. We end the year having increased our profits over three times and start the new year with a £77 million contract order book to deliver over the next three years and a validated pipeline of new sales opportunities worth up to £270 million.\" \n \n \n \n\n\n\n\n\n\n\n\nContacts:\n\n\n\n\n\n\n\nSRT Marine Systems plc\n\n\nwww.srt-marine.com \n+ 44 (0) 1761 409500\n \n\n\n\n\nSimon Tucker (CEO)\n\n\[email protected]\n\n\n\n\nLouise Coates (Marketing Manager)\n\n\[email protected]\n \n\n\n\n\nfinnCap Ltd\n\n\n\n\n\n\n\nJonny Franklin-Adams / Simon Hicks (Corporate Finance)\n\n\n+44 (0) 20 7220 0500\n\n\n\n\nEmily Morris / Camille Gochez (Corporate Broking)\n\n\n\n\n\n...