Quadnetics FY profits to be at top of expectations
Shares in surveillance and security technology provider Quadnetics rose after it said that full year figures would be at the higher end of the board's expectations.
Shares in surveillance and security technology provider Quadnetics rose after it said that full year figures would be at the higher end of the board's expectations.
The firm said it had enjoyed strong trading in the final months of its financial year, pushing shares up by almost 4%.
Sales growth had been strongest in the Synectics Network Systems and Synectics Industrial Systems divisions, which provide specialist surveillance systems worldwide to the critical security and oil & gas markets.
Subscribe to 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
The numbers were helped by the firm's acquisition of Indanet AG, a supplier of high-end surveillance systems for integrated transport hubs, in July 2011.
"Since acquisition Indanet has performed somewhat ahead of the board's expectations," Quadnetics said.
These results offset lacklustre defence sales, which the company put down to limited UK defence orders and disruption to expected contracts in the Middle East from local political unrest.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published