Pentagon Protection shares rocket on contract win

Shares in Pentagon Protection, a window film maker, leapt over 70 per cent on Thursday after being awarded a major contract for the supply of portable x-ray equipment by a long-term existing client.

The company was unable to provide any detailed information other than to say the contract was worth £1.9m.

Pentagon's Managing Director, Steve Chambers said: "This contract for our security division complements the recently announced contracts for our window film division, strengthening the financial position of the group as a whole.

"The size of this contract and its contribution to profits provides us with the financial underpinning necessary to aggressively pursue additional contracts within our sales pipeline."

The group'a share price had leapt 70.59% to 10.88p by 10:00.

NR