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Scotty Group

  • BY: Andrew Hore |
  • POSTED: 11/09/2008 |

Scotty Group expects to report profits of more than £800,000 for the year to July 2008.

That is one-third higher than the forecast by analysts. Turnover will be £6.8m. The business was cash generative.

The video telecoms equipment designer completed nearly all of the €4.2m worth of orders from Diamond Aircraft Industries by the end of July. The equipment was used in aircraft for Venezuela and an African country.

The Scotty share price rose 0.04p to 1.51p. This is ahead of the planned 50-for-one share consolidation.

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