Manroy in multiple contract win

Manroy, an AIM-listed defence contractor, has received new contract orders totalling 8.7m pounds from existing customers within Asia, Europe and the UK.

The biggest of these is a major order for £7.6m from an existing customer in Asia. In addition, the contract involves the placing of an intra-group order to Manroy USA for approximately £5.0m.

The other contracts are export orders worth a total of £1.1m.

These new contracts increase the group's order book to approximately £19m, compared to £11m in early February. This compares with total revenue for the group during the year ended September 30th 2012 of £7.4m. The board anticipates that around half of the group's current order book will be delivered during the current financial year.

Glyn Bottomley, Manroy's Chief Executive, said: "These major orders are the result of high customer confidence in Manroy following successful delivery of previous orders. They are a testament to the hard work of everyone within the Company and they take the Manroy order book to a new record level."

The share price leapt 24.75% to 63p by 09:25.

NR