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Synectics PLC - Sheffield, England-based advanced security and surveillance provider - Says trading continued in line with expectations in the second half of its financial year that ended November 30. Says this is despite trading challenges in Asian casinos and gaming resorts due to the now-ended zero Covid-19 policy in China, causing travel restrictions.
Says it was awarded a surveillance system contract for a large new-build casino resort in the Philippines, expected to be delivered next year. Further details will be announced in 2023.
Says activity levels in oil and gas market continued to gather momentum in the second half of its financial 2022, with a strong trading performance and a solid pipeline of expected orders in 2023.
Says cash balance on November 30 was £4.1 million, down 2.4% from £4.2 million on May 31.
Current stock price: 112.00 pence, down 0.4% on Tuesday afternoon in London.
12-month change: up 3.2%
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