Partner Article

CCTV firm focuses on tough second half

AIM-LISTED CCTV firm Petards today said it is gearing up for a weaker second half to the year after seeing its half-year revenues dip by over £1m.

The Gateshead company sawits revenues slide from £6.6m in the first half of 2009 to £5.3m in the corresponding period this year.

Profit before tax in the six months ending June 30 was £115,000, down from £242,000 last year.

Chairman Tim Wightman said: “We expect results for the second half to be slightly weaker than in the first half. Although revenue should be higher, margins are expected to be lower. However, we do anticipate a significant order intake in the balance of the year which will provide a good base from which to build for 2011.”

Amng the successes for the firm during the period, was the delivery of on-board CCTV on East Coast Trains and a new contract win with Spanish train builder, Vossloh.

This was posted in Bdaily's Members' News section by Ruth Mitchell .