Petards under scrutiny by investors

Surveillance systems firm Petards took a knock after it said some new contracts would not contribute as much to 2012 revenues it had hoped.

MoneyWeek's avatar
By
published
in Features

Surveillance systems firm Petards took a knock after it said some new contracts would not contribute as much to 2012 revenues it had hoped.

The firm also said other contracts it had been expecting to receive in the third quarter now seemed likely to be delayed into 2013.

Article continues below

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up

Revenues dropped from £5.2m to £4.7m in the six months to the end of June.

However, gross margin were up slightly to 41.3% and profit before tax jumped to £22,000, from £5,000 the previous year.

Basic and diluted earnings per share came in at 0.35p, up from 0.08p the year before.

Shares closed down 8.2% on Thursday.

MoneyWeek
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.