News blog

Shieldtech

  • BY: Andrew Hore |
  • POSTED: 07/08/2009 |

Shares in Shieldtech doubled in price to 10p each following an upbeat trading statement.

The body armour supplier says that trading in the year to June 2009 has “shown a significant improvement”. Revenues are 71% higher at £10.3m and the company has moved into profit. Operating profit before amortisation will be around £400,000. Interest costs will reduce that operating profit.

The order book is worth £3.7m.

A refinancing at the time of the interim announcement in May 2009 will put Shieldtech in a stronger position. Further growth is expected in 2009-10. 

At 10p a share, Shieldtech is valued at £2.64m.

The full year figures should be published on or around 18 September.

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds