SRT Marine Systems reports pre-tax loss for H1

AIM-listed maritime technology provider SRT Marine Systems made a pre-tax loss in the first half.

In a trading update for the six months ended 30 September, the company reported revenues of £2.7m, derived almost exclusively from the core individual vessel transceiver shipment business.

This resulted in a pre-tax loss of £1.2m, while the cash balance at the end of September was £1.8m.

During the first half of the year the company progressed with several projects which, when completed, will contribute to second half results.

Half-year results will be published on 15 November.

Shares in SRT Marine Systems fell 7.86% to 40.54p at 1014 BST.