Flat first half for defence supplier
Defence supplier Ultra Electronics has said its 2017 performance is likely to be weighed towards the second half after it revealed a flat set of interims.
In the six months to June 30, the group recorded revenue of £366.4m (2016: £366.6m). It said the disposal of its ID business in August 2016 impacted revenue by 2.7%. Revenue decreased organically by 6.7% due to the delay in the award of a number of contracts and the higher level of engineering activity compared to the prior year. These factors were offset by exchange rate movem... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
