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Sarantel Group

  • BY: Andrew Hore |
  • POSTED: 12/06/2012 |

Miniature antenna manufacturer Sarantel Group says that military orders are starting to flow through.

However revenues dipped from 1.03m to 888,000 in the six months to March 2012 but this fall was due to lower development revenues. Gross margins from product sales improved. R&D costs rose from 603,000 to 665,000 and the loss increased from 1.69m to 1.74m.

Sarantel has 262,000 in the bank offset by invoice finance of 108,000. It has also drawn down 700,000 of the HSBC loan facility.

Volume production has begun on a new antenna for the military market. A big order was won earlier this year and the order book is worth 2m. 

The Sarantel share price fell 0.025p to 0.46p, valuing the company at 3.82m.

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