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Scotty Group

  • BY: Andrew Hore |
  • POSTED: 23/10/2010 |

Communications equipment and technology developer Scotty Group has won a 2.84m contract from Diamond Aircraft Industries GmbH.

The contract will contribute revenues this year and in the first quarter of next year, compared with 2.77m for the same period last year.

Scotty is supplying communications equipment for five DA42 MPP aircraft. This contract could be followed by another 200,000 order.

Scotty generated revenues of 1.7m in the first half of 2010. This meant that Scotty went from a profit of 239,000 to a loss of 568,000.

There is no news about the potential sale of the Austrian business.

At 13.75p a share, Scotty is valued at 2.78m.

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