Brief: Pressure Technologies Says Reviewing Accounting Policy, Past Accounting Treatment Of Small Number Of Long-Term Defence Contracts Within Division
21/03/2023 08:06
March 21 (Reuters) - Pressure Technologies PLC PRES.L :
* PRESSURE TECHNOLOGIES - REVIEWING ACCOUNTING POLICY, PAST
ACCOUNTING TREATMENT OF SMALL NUMBER OF LONG-TERM DEFENCE
CONTRACTS WITHIN DIVISION
* PRESSURE TECHNOLOGIES- CORRESPONDING INCREASE IN OPERATING
PROFITS OF £2.3 MILLION OVER REMAINING LIVES OF CONTRACTS,
MAJORITY EXPECTED TO BE IN FY23, FY24
* PRESSURE TECHNOLOGIES PLC - BOARD'S EXPECTATIONS FOR
OVERALL
GROUP REVENUE OF APPROXIMATELY £25 MILLION IN FY22 REMAINS
UNCHANGED
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Further company coverage: PRES.L
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