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Synectics sales up

By BFN News | 07:55 AM | Tuesday 18 July, 2017

Synectics reported a 5% jump in sales to £33.7 million in the six months to 31 May 2017, up from £32.1 million. HIGHLIGHTS - Order intake £41.8 million (2016: £38.4 million), a book-to-bill ratio of over 1.2 times - Order book £33.7 million, up over 28% since the year end - Underlying profit £1.3 million (2016: £0.3 million) - Profit before tax £1.3 million (2016: £0.2 million) - Underlying diluted EPS 6.2p (2016: 1.2p) - Return on capital employed 9.9% (2016: 3.5%) - Net cash as at 31 May 2017 £1.8 million (31 May 2016: net debt £1.7 million) - Interim dividend of 1.0p (2016: nil) Chief executive Paul Webb said: "Our specialist sector knowledge and understanding of the unique challenges our customers face are what set us apart - whether those challenges relate to protecting people or assets, or to enhancing the experience our clients can offer their own customers. "Supporting this proposition with the right people, technology and strategy has seen us secure significant contracts across all of our markets. "This has resulted in a strong performance in the first half of 2017 and positions us for further growth." Story provided by

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