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Pennant International Group

  • BY: Andrew Hore |
  • POSTED: 18/03/2013 |

Shares in Pennant International Group have risen 62% to 70.5p each on the back of a contract worth £16m over five years.

This is the largest contract Pennant has ever been awarded and it can be extended for up to 20 years. The contract is for the development and support of training equipment. No customer has been named.

Last November, Pennant said it had won orders worth £3.5m and most of the revenues will be recognised in 2013. At that time the order book was worth more than £13m.

Pennant’s 2012 figures will be reported on 19 March.

Pennant is valued at £18.6m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMarch2013_42.pdf

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