01/12/2008
Video communications specialist SCOTTY Group has won €1 million (£830,000) of new orders after a useful profits turnaround.
The AIM-quoted company – which turned a £765,000 loss into £977,000 pre-tax profits in the year to June, on turnover up 42 per cent to £6.8 million – says latest orders include five maritime ‘Telemed’ packages for an onboard hospital for the German Navy, aircraft tracking kit for the German Army and emergency response equipment for the Chinese national railways. According to SCOTTY chairman Lord Trefgarne, the orders demonstrate further expansion of the company’s customer base and product mix.
SCOTTY shares, which have fallen sharply from their 103.75p June peak, now trade at 49p, valuing the company at £9.9 million. They could now outperform several others over the medium to long term.
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