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Sarantel Group

  • BY: Andrew Hore |
  • POSTED: 26/04/2012 |

Miniature antenna manufacturer Sarantel Group says that first half revenues will fall this year but a military contract will boost the second half.

Revenues fell from 1m to 900,000 in the six months to March 2012 with production revenues 9% higher but a decline in development revenues. Net cash was 200,000 at the end of March 2012 and Sarantel has secured a 2m loan facility from HSBC. A tax credit of 165,000 was received in April.

The order book is worth 2m thanks to an order from a military radio manufacturer which will contribute in the second half.

At 0.59p a share, Sarantel is valued at 4.89m.

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