Pennant announces Interim Results for the six months ended 30 June 2019.
Company Chairman Simon Moore has commented on the results and the company’s prospects, saying:
“Trading in the First Half was in line with management expectations and previous guidance issued by the Company. The First Half saw the Group focused on building a suite of generic training aids and, with this work being recognised as work-in-progress at the end of the Period, a pre-tax loss of £1.8 million has been recorded, in line with guidance issued by the Company.
Notwithstanding a number of customer-driven timing challenges on specific projects which were highlighted in last month’s Trading Update, the Company’s strategy is progressing to plan with two acquisitions already completed so far this year, and with the prior investment in products, people and facilities positioning the Group well to exploit its considerable pipeline which includes over £30 million of single-source opportunities.”
Click here to view the full Results.