Trading Update

RNS Number : 8841U

Synectics PLC

08 December 2021

 

RNS	8 December 2021

Synectics plc

("Synectics" or the "Company")

Trading Update

Synectics plc (AIM: SNX) , a leader in the design, integration and support of advanced security and surveillance systems, provides the following trading update for the financial year ended 30 November 2021.

Trading has continued broadly in line with the Board's expectations as set out in the Company's interim results announcement of 13 July 2021. Underlying results for the second half of the Group's financial year ended 30 November 2021 are expected to show a modest profit, resulting in an underlying loss for the full year lower than that recorded in the first half.

The Group's net cash balance as at 30 November 2021 was £4.4 million (31 May 2021: £3.5 million, 30 November 2020: £6.9 million), with no bank debt and undrawn bank facilities of £3.0 million.

The Group's audited results for the year ended 30 November 2021 are expected to be released on or around 22 February 2022.

For further information, please contact:

Synectics plc	Tel: [phone]
Paul Webb, Chief Executive David Bedford, Finance Director
email: [e-mail]	www.synecticsplc.com
Shore Capital	Tel: [phone]
Tom Griffiths / David Coaten / Henry Willcocks

/Ends

About Synectics plc

Synectics (AIM: SNX) is a leader in the design, integration and support of advanced security and surveillance systems that enable clients around the world to protect their people, communities, and assets.

Founded over 30 years ago, Synectics has deep industry experience across gaming, energy, urban transport, public space and critical infrastructure projects. The Group's expert engineering teams work in partnership with customers to create integrated product and technology solutions, proven in the most complex and demanding operating environments.

Find out more at www.synecticsplc.com

 

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