SRT Marine Systems notes H1 pretax loss

SRT Marine Systems said H1 revenues were £2.7m, resulting in a loss before tax of £1.2m and a cash balance of £1.8m as at Sept. 30.

H1 revenues were derived almost exclusively from the core business of individual vessel transceiver shipments.

During the period there was material progress with several projects which will result in the completion of significant project deliverables in the second half.

Upon completion the Company will make further announcements and provide market guidance accordingly.