SRT Marine Systems PLC To Provide An Update On Company Operations And Trading Activities Transcript
Good morning, everybody. I'm Simon Tucker, CEO of SRT. Thanks for joining our webcast today. As usual, the rules are that I'm not going to make anybody inside and try and give you an insight into the business that you may be considering investing in and/or already invested in.
I'm going to start with our financial results for the year ending June. Well, clearly we're steaming along GBP116 million with a Revenue 47% increase and a doubling of profits to GBP10 million and ending the period with GBP57 million in gross cash so I don't think there's much to talk about there. Our results, our full audited results will come out in due course.
What I really want to talk about today is the future of SRT. Those of you that have been an investor for a while will know that in 2014. We had this idea that wouldn't it be great if countries could monitor and track all their boats and Bahrain took a landmark decision to implement a first ever national vessel identification and tracking system at the time a
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