Information  X 
Enter a valid email address

Trackwise Designs posts modest profit; warns of sales disruptions in 2021

By BFN News | 08:58 AM | Tuesday 22 June, 2021


Printed circuit technology group Trackwise Designs posted a modest annual profit after a rise in sales was accompanied by higher expenses. Pre-tax profit for the year through December amounted to £0.41 million, compared to a year-on-year loss of £0.13 million. Revenue rose to £6.07 million, up from £2.91 million. Trackwise Designs said it was seeing healthy interest levels and a growing pipeline. Covid-19, however, continued to impact pace of some customer investment, raw material supplies and operational upgrades. Additional development improvements were being made to some products that would result in re-phasing of production. 'Combined, these factors will result in some revenue from 2021 being moved to 2022,' the company said. Story provided by StockMarketWire.com

a d v e r t i s e m e n t