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Cohort PLC - Reading-based defence and security markets-focussed technology - On Tuesday posts optimistic outlook for current financial year, that started on May 1. Expects trading performance to be ahead of the past financial year. Anticipates further progress in the next financial year, citing current orders for long-term delivery and its pipeline of opportunities. Net funds as at September 23 fall 35% to £7.2 million from £11.0 million at April 30, ‘reflecting the timing of working capital flows,’ firm explains.
Order book has orders until the year 2030, Cohort states. Order book grows 20% to £291.0 million at April 30 from £242.4 million a year ago.
Current stock price: 490.50 pence
12-month change: down 14%
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