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SimiGon Ltd

  • BY: Andrew Hore |
  • POSTED: 13/01/2014 |

Training and simulation services provider SimiGon Ltd says that trading continued to be strong in the second half of 2013.

Revenues are expected to rise from $6.8m to $7.9m, which is slightly better than expected. There has been a contribution from the $6.7m contract secured last June. Profit should be one-fifth higher which is in line with expectations. The underlying profit in 2012 was $800,000.

Management says that there is good visibility of revenues for 2014.

At 30.25p a share, up 1.75p, SimiGon is valued at 14.3m. There is more than $8m of cash in the balance sheet.

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