Trading Update
H1 2024 trading progressing well; FY 2024 expected to track market expectations with more balanced phasing.
vs expectations: in line
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Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, provides an update on trading for the six months ended 31 May 2024 ("H1 2024").
Following continued momentum in H1 2024, the Company announces that trading for the year ending 30 November 2024 ("FY 2024") remains comfortably in line with market expectations, and that the Group's cash position remains strong.
Following the early delivery of a number of projects by the Group's Systems division in H1 2024, the Board expects a more evenly weighted financial performance in FY 2024 rather than being weighted to the second half of the year as previously expected and as in prior years.
Synectics expects to announce its unaudited interim results for H1 2024 on Tuesday 9 July 2024.
Find out more at www.synecticsplc.com
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