REG - Synectics PLC - Trading Update

SynecticsAnnouncement

08/12/2021 07:00

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RNS Number : 8841U  Synectics PLC  08 December 2021

 

 RNS   8 December 2021

 

 

Synectics plc

("Synectics" or the "Company")

 

 

Trading Update

 

Synectics plc (AIM: SNX), a leader in the design, integration and support of
advanced security and surveillance systems, provides the following trading
update for the financial year ended 30 November 2021.

 

Trading has continued broadly in line with the Board's expectations as set out
in the Company's interim results announcement of 13 July 2021. Underlying
results for the second half of the Group's financial year ended 30 November
2021 are expected to show a modest profit, resulting in an underlying loss for
the full year lower than that recorded in the first half.

 

The Group's net cash balance as at 30 November 2021 was £4.4 million (31 May
2021: £3.5 million, 30 November 2020: £6.9 million), with no bank debt and
undrawn bank facilities of £3.0 million.

 

The Group's audited results for the year ended 30 November 2021 are expected
to be released on or around 22 February 2022.

 

 

 

For further information, please contact:

 Synectics plc                                                Tel: +44 (0) 114 280 2828
 Paul Webb, Chief Executive

David Bedford, Finance Director
 email: info@synecticsplc.com (mailto:info@synecticsplc.com)  www.synecticsplc.com

 Shore Capital                                                Tel: +44 (0) 20 7408 4050
 Tom Griffiths / David Coaten / Henry Willcocks

/Ends

 

About Synectics plc

Synectics (AIM: SNX) is a leader in the design, integration and support of
advanced security and surveillance systems that enable clients around the
world to protect their people, communities, and assets.

Founded over 30 years ago, Synectics has deep industry experience across
gaming, energy, urban transport, public space and critical infrastructure
projects. The Group's expert engineering teams work in partnership with
customers to create integrated product and technology solutions, proven in the
most complex and demanding operating environments.

Find out more at www.synecticsplc.com (http://www.synecticsplc.com)

 

 

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