Sabien Technology Group, which manufactures and supplies M2G, a boiler energy efficiency technology, has won a new order to install M2G across the Ministry of Defence (MoD) south east regional prime contract, which is managed by PriDE, a joint venture between Interserve Defence and SSE Contracting.
The group added that it expects further orders before the end of its financial year on June 30th.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
PriDE will be responsible for estate management and construction services at almost 100 MoD sites throughout the south-east region, encompassing nearly 6,000 buildings and facilities.
It is anticipated that a large part of these orders will be recognised as sales revenue during this financial year, the group said. Installation work has already started at a number of sites.
The share price jumped 12.2% to 23p by 08:30.
NR
-
HMRC confirms crypto ETN ISA rulesWith crypto ETNs now technically available for UK retail investors, HMRC has confirmed they can be held in an ISA – but there’s a complication
-
Pensioners targeted in fine wine scams – the tactics to watch forWine has emerged as the latest lure in investment fraud, with pensioners being specifically targeted by scammers
