News blog
Scotty Group
- BY: Andrew Hore |
- POSTED: 26/08/2009 |
Scotty Group has won an initial order in the US for its aero-certified systems.
The video telecoms equipment supplier has signed a reseller agreement with Stevens Aviation Inc covering its communications and surveillance systems. Stevens installs aviation systems in jet and turbo-prop aircraft. The initial order is worth $300,000. The system will be installed in one aircraft before the end of September 2009.
Scotty is changing its year end from July to December. The next period end will be December 2009. In the past there have been peaks of activity in the summer and the change in year end should make it easier to forecast in which year revenues will be generated.
Contracts that were expected to fall into the year to July 2009 ended up generating revenues after July. That meant that Scotty’s profits for the 12 months to July 2009 will be lower than the previous year but the expected revenues will come through before the end of December 2009.
Figures for the six months to July 2009 will be published before the end of October. These will be followed by 17 month figures before the end of May 2010.
At 58p a share, up 1p on the day, Scotty is valued at £11.7m.
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