Spectra Systems sees FY profits beating market views

Spectra Systems expects its profits for the year ended 31 December 2016 to significantly exceed market expectations. Revenue is also expected to be ahead of market expectations.

CEO Nabil Lawandy commented:

"The confluence of significantly improved margins from our in-house manufacturing (on an order delivered in late December), along with a new ongoing phosphour sales channel, have resulted in a very good year for the Company. Based on contracted revenue, a full year of in-house manufacturing and early orders for phosphours, we expect this momentum to continue into 2017."