Synectics trades 'comfortably in line' with expectations

4th Jun 2024 10:41

(Sharecast News) - Security and surveillance systems business Synectics said on Tuesday that year-to-date trading was "comfortably in line with market expectations" and that its cash position remained "strong".

Synectics noted that following the early delivery of a number of projects by its systems division in the six months ended 31 May, it now expects "a more evenly weighted financial performance" in FY24 rather than being weighted to the second half of the year as previously expected and as in prior years.

The AIM-listed group will announce its unaudited interim results on 9 July.

As of 1045 BST, Synectics shares were down 5.15% at 175.48p.

Reporting by Iain Gilbert at Sharecast.com