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Scotty Group

  • BY: Andrew Hore |
  • POSTED: 18/01/2009 |

Scotty Group should achieve break even or a small profit in the six months to January 2009.

The video telecoms equipment designer says trading is slightly quieter than last year and some contracts have been delayed until the third quarter. The first half was more profitable than the second half of last year.

There was a cash balance of £875,000 at the end of December 2008.

Some newer contracts are taking longer to be agreed. Potential demand still appears to be strong.

Recent contract wins include surveillance systems for seven oil tankers, five telemed systems for the German navy, five mobile response and command systems for the Chinese national railway, ground stations for Venezuela and a ground station tracking system for the German army.

At 41p a share, Scotty is valued at £8.29m. 

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