Synectics posts rise in full year profits

Synectics, the advanced surveillance technology and networked security systems company, has seen its profits and revenues rise over the last year, after it secured 'market-leading' positions in a number of sectors.

By The Newsroom

Published 21st Feb 2017, 08:29 BST

Updated 28th Feb 2017, 12:29 BST

Synectics has seen its full year revenues rise

In the year ended November 30 2016, revenue rose by 4 per cent to £70.9 million, while the underlying profit rose by more than 80 per cent to £2.6 million.

Commenting on the results, Paul Webb, the chief executive, said: “We will continue to build on the progress we have made, and I strongly believe that the actions we have already taken leave us better placed to deliver for our customers, and ultimately our shareholders - now and into the future.

“From our strong heritage in public space surveillance we have developed market-leading positions globally in gaming and oil and gas, as well as the UK bus and coach market.

“Great technology, a flexible attitude, and deep sector expertise are what set Synectics apart - and the business is well positioned for significant further growth.”